Displaying items by tag: Shannon Foynes Port Company
#IrishPorts - Transport Minister Paschal Donohoe has today (Friday 10 July) welcomed the announcement by the European Commission that a number of projects – including developments across three Irish ports – have been recommended for co-funding under the Connecting Europe Facility (CEF).
"This is good news and a further boost for infrastructure investment in Ireland," said Minister Donohoe. "The recommendation by the European Commission in respect of these five projects is a positive step in the development of these key infrastructural projects which will allow for future growth and development which will ultimately help with job creation.
“I was particularly delighted to support the port companies in their applications. Ireland’s National Ports Policy categorises the Port of Cork Company, Dublin Port Company and Shannon Foynes Port Company as Ports of National Significance (Tier 1) in recognition of the key role of they play in national economic development.
"This positive announcement will support significant, planned investment by the ports and follows the news that the Ringaskiddy project in the Port of Cork has recently been granted planning permission, while just today the Alexander Basin Redevelopment Project received a positive planning decision from An Bord Pleanála, allowing the largest ever infrastructure development project to be carried out at Dublin Port.
"In addition, Shannon Foynes Port Company’s first major project, the redevelopment of the East Jetty, is now well underway having commenced earlier this year. The continued commercial development of the port companies is a key strategic objective of the Government which will support job creation across the country as they are progressed in the years to come.”
The five projects are as follows:
· Port of Cork, Ringaskiddy Project (Project Type: Works, Co-funding rate: 17.47%, EU Max Contribution: €12,736,001.10)
· Shannon Foynes Port Company, Jetty Enhancement for Sea Port (Works, 20%, €2,200,000)
· Shannon Foynes Port Company, Connecting International Sea Cargo to the Irish Rail Network (Study, 50%, €800,000)
· Dublin Port, Alexandra Basin Redevelopment Project (Works, 10.3%, €22,782,055)
· City Centre Re-signalling Project (Works, 30%, €17,586,760.20)
The Limerick Leader has more on the story HERE.
#ShannonPortProfit – Record financial profits by Shannon Foynes Port Company (SFPC) is down to an increase in shipping activity levels not seen since 2008.
SFPC posted an operating profit of just over €3 million for 2012, which after financing costs and net disposal proceeds amounted to just over €2 million.
Operating profit represents a 6.6 per cent rise on 2011 performance. The Irish Times has more on this story.
RTÉ News reports on the 30-year plan, titled Vision 2041, which will involve the construction of a new deepwater birth at Foynes, the development of warehousing and facilities across 300 acres of additional land - and the potential reopening of the Foynes-Limerick railway line, which has lain dormant since 2001.
As one of the deepest waterways in Europe, the estuary is also in prime position to take advantage of the new 'post-panamax' supertanker shipping era, and talks on securing future foreign direct investment as a priority.
As previously reported on Afloat.ie, submissions for the accompanying strategic plan for the development and management of marine-related industry and tourism in the Shannon Estuary region closed last week.
The Draft Strategic Integrated Framework Plan (SIFP) for the Shannon Estuary, the first of its type to be developed in Ireland, identifies a number of strategic sites along the estuary for future possible development in the areas of industry, tourism, energy, fishing and aquaculture and marine-related industry.
SFPC recorded a 2.2 per cent rise in turnover to €10.1 million, resulting in a 13 per cent increase in operating margin from 25.5 per cent to 28.1 per cent, according to the 2011 annual report.
The company made a profit attributable to the shareholder of €2.73 million after exceptional items and financing. Cargo increased 8 per cent to 10.1 million tonnes from 9.4 million tonnes in 2010. About 35 per cent of Ireland's bulk traffic transits through SFPC's six terminals on the estuary.
#SHANNON ESTUARY – The Maritime Journal reports that a simulated fire and rescue drill simulating a fire on board a ship took place in Foynes Port this week.
Limerick County Fire & Rescue Service with the assistance of Shannon Foynes Port Company and Celtic Tugs which operates a fleet of tugs in the port hosted the Ship and Ports Course.
A number of exercises were carried out during the course, to read more on the exercise click HERE.
The Irish Times reports that Shannon Foynes Port Company is set to sell off extensive warehousing along with a development site facing the port.
Five separate warehouses extending to 5,297sqm are included in the sale, along with almost 1 hectare (2.44 acres) of development land.
DTZ Sherry FitzGerald is handling the sale by public tender on 28 September. The warehousing and site are likely to make more than €700,000 for the port company.
The boost is revealed in the state-owned company's annual report which shows the facility made a bottom-line profit for the year of €1.1 million – a five-fold increase on 2009. Operating cash flows rose to €3 million, up from €2.7 million a year earlier. To read more click HERE.
Late last month the Co. Limerick port was busy particularly with the seasonal arrival of three cruise ships and all made within one week, for more click HERE. This Friday sees the return of one of those cruise-callers, the French-flagged Le Diamant which is on charter to operator Inter Cruises.
Her arrival will be followed by P&O Cruises latest addition Adonia on Saturday. With 710 berths the 30,000 tonnes vessel is the smallest of the seven-strong fleet which can accommodate between 1,800 and up to 3,100 passengers as in the case of the Azura. The 115,000 tonnes vessel departed Dublin Port this evening. Her first call to the port was last year (click HERE) and she is the largest cruise ship to call to the capital.
On Tuesday of next week the 9,000 tonnes Spirit of Adventure (cruises) marks the third cruise caller to Foynes. The port is along with five other terminals located throughout the country's largest estuary are operated by the Shannon Foynes Port Company (SFPC).
Incidentally Spirit of Adventure and Azura where two of another trio of cruise ships that visited the Port of Cork on Monday, with Holland America Line's 59,000 tonnes Rotterdam forming the third vessel. This was the first occasion that Cork has handled this number of cruise ships on a single day, bringing 7,000 passengers which set a new record for the port.
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The 61,000 dwt bulker Sibulk Prosperity became the largest ship to date to dock at Shannon Foynes recently according to The Limerick Leader.
The Panamanian registered vessel carrying a cargo from Santo in Brazil. At 200 meters long and a draft of 10.5 meters, the vessel delivered a cargo of 22,000 tonnes and took 3 days to discharge its cargo of animal feed. The discharge rate was 1,100 per hour for her time in port. Limerick based ship agents Mullock & Sons provided stevedoring services.
Tim Egan, manager of Mullocks & Sons Shipbroking in Foynes said 'Ships that usually come into Foynes would be about 35,000 dwt. This is almost double that but the challenge isn't her size but her length. The way they are building ships these days, it nearly double the dead weight but is the same depth in the water. She will have to turn around in the Estuary to get out when she leave the port'.
Mr Egan commented that 'two years ago the Port Company of Shannon Foynes invested in a dredging vessel which has allowed super-sized cargo ships to get in and out of the port with greater ease. The dredging and ploughing has kept a depth in the Channel which makes it a lot easier'.
The Sibulk Properity departed Foynes with the assistance of Celtic Tugs based in Foynes.