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Displaying items by tag: Handsome Salaries

#GrantSlashed - There was consternation among Galway City County councillors that its marketing promotion fund would hand over €10,000 to the Port of Galway to attract cruise ships when the harbour body lavished handsome salaries on its executives.

According to the Connacht Tribune, in a debate over how to divide up the yearly fund worth €206,000, Fianna Fáil Councillor Mike Crowe said he believed directors of the Harbour Board were ‘handsomely paid’ and it was questionable whether they should be compensated by the Council to do their job.

The concern was taken up Cllr Donal Lyons (Ind), who noted that the Galway Harbour Board was a private company and that at the minute the port was unable to accommodate large cruise ships due its tidal nature.

Fine Gael’s Padraig Conneely recalled that the fund was set up in the wake of the Volvo Ocean Race to pay for free public events during a new, large festival which had the capacity to draw in large crowds. To read more on the story, click here.

Published in Galway Harbour

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.