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Displaying items by tag: Belfast Harbour real estate

Trade through Belfast Harbour has grown for the first time in three years, up 5.4% to 16.4m tonnes, according to the port's 2010 annual report, writes Jehan Ashmore.
The boost in trade figures at the Port of Belfast reflects rising tonnages which have assisted in an improved turnover, up 5% to £34.7m and profits before taxation stood at £17.4m.

The principle driver in the ports performance came from the agri-food sector with a record 2m tonnes of grain and animal feed imports. The sector also recorded fertiliser imports alone leap by 32%, reflecting the major investment by the harbour in recent years in the dry-bulk cargo trade.

Roll-on roll-off (Ro-Ro) accounted for a 2% rise to 313,000 vehicles carried, partly due to the introduction of newer larger tonnage on the Belfast-Heysham route.

Belfast Harbour Chairman, Len O'Hagan, said: "Although trading conditions in the UK and Ireland remain weak, the increase in tonnages handled by Belfast Harbour suggests that business confidence is starting to return, albeit slowly.

"Belfast Harbour continues to operate in a highly competitive port sector, but I am pleased to note that the £160m which the Harbour invested in new facilities during the past decade has enabled it to emerge from the downturn with new customers and a presence in new sectors such as renewable energy.

Capital investment in the port worth almost £6m were undertaken during 2010, including the purchase of a new mobile crane, a 10,000 sq ft expansion in logistics space and preliminary works to support the proposed development of an offshore wind turbine terminal for DONG Energy (click HERE). The combined capital expenditure in these projects is in excess of £60m.

Within the ports real estate, projects at the Titanic Quarter progress at the Public Record Office, Belfast Metropolitan College and the core attraction of the 'Titanic Belfast' visitor centre.

Master planning for the 24-acre mixed-use City Quays site adjacent to the Harbour Office was secured. In addition planning permission was lodged for a 230,000 sq ft of space at Sydenham Business Park on the south-eastern fringes of the harbour.

Further upstream closer to the city-centre at the Abercorn Basin, initial work had been completed on a marina where there are more plans for the development of a 250-berth full-service leisure facility.

Next Monday the port's cruise business is to welcome a new cruiseship, the 66,000 tonnes Marina of Oceania Cruises. The 1,250-passenger /800 crew newbuild's arrival to Belfast comes in a year that marks the thirteenth anniversary since the first liner docked in the city. In 2011 over 30 such vessels are due to visit bringing some 50,000 passengers and crew.

Published in Ports & Shipping

As an island economy, a healthy maritime sector is key to our national competitiveness. Virtually all our imports and exports pass through Irish ports.

Ireland is dependent on ports and shipping services to transport goods and 90% of our trade is moved though Irish ports. Shipping and maritime transport services make a significant contribution to Ireland’s ocean economy, with the sector generating €2.3 billion in turnover and employing over 5,000 people in 2018.

Ireland’s maritime industry continues to grow and progress each year with Irish ports and shipping companies making significant investments. The ports sector in Ireland is currently undergoing a number of expansions and developments with Dublin Port’s Alexandra Basin development, the development of Ringaskiddy in Cork by Port of Cork and the development of Shannon Foynes Port. Along with these major investments, shipping companies are also investing heavily in new tonnage, with Irish Ferries, CLdN and Stena leading new build programmes.

These pages cover the following sectoral areas: shipowners, harbour authorities, shipbrokers, freight forwarders and contractors, cruise liner operators, port users, seamen, merchants, academic institutions, shipyards and repair facilities, naval architects, navy and defence personnel.

Our pages are covering some of the most notable arrivals around our coast and reporting too on port development and shipping news.

This section of the site deals with Port and Shipping News on our largest ports Dublin Port, Port of Cork, the Shannon Estuary, Galway Harbour and Belfast Lough.

A recent study carried out for the Irish Ports Association (IPA) totalled 75.7 billion during 2004 and their net economic impact was some 5.5 billion supporting around 57, 500 full time employees.

Liam Lacey, Director of the Marine Institute’s Irish Maritime Development Office (IMDO) said, “The Irish maritime industry can look to the future with confidence. It has shown itself to be resilient and agile in responding to challenges. Over the past decade, it has had to respond to the challenges of the financial crisis of 2008, the uncertainty surrounding Brexit and recent challenges. Ireland’s maritime sector has continued to underpin our economy by maintaining vital shipping links for both trade and tourism.”