Competition Authority to review Ireland’s ports in move towards privatisation
THE Competition Authority has been asked to review Ireland’s ports and in particular whether Dublin Port has a dominant position in the market.
With most big ports in state hands, the move looks like a move towards privatisation.
State owned Dublin port is the county’s biggest, accounting for around 30pc of all shipping traffic. Half of all traffic through Dublin comes from the Dublin region with the rest drawn from across the country.
The transport Minister Leo Varadkar said today that the study by the Competition Authority will examine whether Dublin Port has a dominant economic position. He said 40pc of all GDP
The country’s biggest ports are Dublin, Cork, Shannon-Foynes and Galway and are all state owned, though is each managed by a stand alone company.
A spokesman for Dublin Port Company said it runs a competitive port management model with eight private terminal operators competing for trade.
“Dublin Port Company notes the Competition Authority Review and looks forward to engaging with the Authority as it carries out its work,” the company said in a statement.