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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

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.