Displaying items by tag: Offer Made

8th August 2019

Operator Brittany Ferries Have Made Offer for Condor, Say Media Reports

Operator Brittany Ferries have formally submitted an offer to buy Condor, the French ferry company’s president has said, reports Jersey Evening Post.

Speaking to French newspaper Ouest-France, Jean-Marc Roué confirmed the news but said he thought that other businesses would also be submitting an offer.

The news follows another report from the same newspaper in June that the French-based shipping company was putting in the offer to counter a ‘rapid-expansion plan’ from one of its competitors, Danish company DFDS.

The article also said that the move would secure vital ports – St Malo, Poole and Portsmouth – from their competitors.

However, it has been rumoured that other carriers, such as Stena and Irish Ferries, could also be interested.

For more on the Channel Islands operator click here.

Published in Brittany Ferries

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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.