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Displaying items by tag: Port Dinorwic Marina

Marine Industry News reports that a company providing berthing and marine services at a storied North Wales marina has been sold after going into administration last year.

Port Dinorwic Marina, on the Menai Strait south-west of Bangor, is now in the hands of a consortium of local investors after its previous owner’s cashflow issues led to disputes with staff over unpaid wages and with contractors.

The marina dates back to 1763 and is a hub for cruising in the region — a popular haunt for Irish boaters both for leisure and for racing.

Simon Monks, joint administrator said of the sale: “Whilst Port Dinorwic Marina has had its challenges in recent years, its sale out of administration to a new owner/operator will enable the necessary investment to create a thriving marina that staff, berth holders and local community can be proud of.”

Marine Industry News has more on the story HERE.

Published in Irish Marinas

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.

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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.”