Displaying items by tag: Accounts Be Published

7th October 2019

Accounts at Dún Laoghaire Harbour Must be Published, Says Senator

The former director of Dún Laoghaire Harbour Company has called for the release of its final accounts. Above AFLOAT adds is the HSS Stena Explorer berthed at the Irish port from where the fastferry's final sailing took place on 9 September 2014. Noting it was not until early in the following year that the operator Stena Line officially confirmed in February that they would not resume the seasonal-only service to Holyhead but consolidate out of Dublin Port with an existing year-round route to the same north Wales port.

Financial accounts of Dún Laoghaire Harbour Company must be published and presented to the Oireachtas without delay, a former director of the company has said.

As The Irish Times reports, Independent Senator Victor Boyhan (see call for ferry return) who was a company director of the Dublin Bay harbour for 10 years, said the final 2017 accounts for the defunct company should have been published within six months of its dissolution.

The company was dissolved and control of the harbour was transferred to Dún Laoghaire Rathdown County Council last October,leaving the council with liabilities of almost €40 million as previously reported on Afloat..

Mr Boyhan has warned Minister for Local Government Eoghan Murphy that he and the Government could find themselves open to legal action if they saddle the local authority with this debt.

For more from the newspaper click here.

Afloat.ie adds it is just over five years ago since Stena Line's final ferry sailing on the seasonal-only service took place in September 2014 (see special News feature: Farewell to Stena's HSS, Ships Monthly, June 2015)

It was not until February of the following year that the operator finally confirmed the end of the historic Dun Laoghaire-Holyhead route by consolidating out of Dublin Port with an existing year-round service to the same north Welsh port.

Published in Dublin Bay

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About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.