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Displaying items by tag: Operating Profits

Operating profits at the Port of Waterford for 2020 were €0.7 million, down from the €1.2 million recorded in 2019 during a period of trading set against the pandemic.

The Port's turnover was €7.2m for the year a reduction of 8% against 2019 and shareholder’s funds ended the year at €33m.

Bulk throughput in 2020 came in at 1.5 million tonnes, a 3% decrease on 2019, while the levels of container shipment handled grew by 2%.

The company said that for the first half of 2021, the business is showing very positive momentum despite the continued challenges posed by the pandemic in the ability to drive car park and cruise income.

Bulk handling (see photo) is currently ahead of 2020 by over 20% at this year’s halfway point and container handling is also holding up well and in-line with 2020 levels.

Further reading from RTE News.

Published in Irish Ports

Dublin Port Company last year recorded “a strong financial performance” with operating profits of €44.15 million despite challenges from Brexit and Covid-19.

The company’s annual report shows the company’s revenues dipped by only 6.6 per cent from €92.72 million to €86.59 million.

The port’s operations were hit hard in the second quarter of 2020 with volumes down 17 per cent due to the pandemic. The company had last year anticipated volumes could be down 23 per cent to 29.3 million tonnes.

However, in his report, chairman Jerry Grant stated that the volume decrease was “far less than feared” and volumes for the year were 36.9 million tonnes – a 3.3 per cent drop on 2019.

The port’s operating profits of €44.15 million were down only marginally on the operating profits of €44.22 million for 2019.

More from The Irish Times including passenger figures. 

Published in Dublin Port

Galway Port & Harbour

Galway Bay is a large bay on the west coast of Ireland, between County Galway in the province of Connacht to the north and the Burren in County Clare in the province of Munster to the south. Galway city and port is located on the northeast side of the bay. The bay is about 50 kilometres (31 miles) long and from 10 kilometres (6.2 miles) to 30 kilometres (19 miles) in breadth.

The Aran Islands are to the west across the entrance and there are numerous small islands within the bay.

Galway Port FAQs

Galway was founded in the 13th century by the de Burgo family, and became an important seaport with sailing ships bearing wine imports and exports of fish, hides and wool.

Not as old as previously thought. Galway bay was once a series of lagoons, known as Loch Lurgan, plied by people in log canoes. Ancient tree stumps exposed by storms in 2010 have been dated back about 7,500 years.

It is about 660,000 tonnes as it is a tidal port.

Capt Brian Sheridan, who succeeded his late father, Capt Frank Sheridan

The dock gates open approximately two hours before high water and close at high water subject to ship movements on each tide.

The typical ship sizes are in the region of 4,000 to 6,000 tonnes

Turbines for about 14 wind projects have been imported in recent years, but the tonnage of these cargoes is light. A European industry report calculates that each turbine generates €10 million in locally generated revenue during construction and logistics/transport.

Yes, Iceland has selected Galway as European landing location for international telecommunications cables. Farice, a company wholly owned by the Icelandic Government, currently owns and operates two submarine cables linking Iceland to Northern Europe.

It is "very much a live project", Harbourmaster Capt Sheridan says, and the Port of Galway board is "awaiting the outcome of a Bord Pleanála determination", he says.

90% of the scrap steel is exported to Spain with the balance being shipped to Portugal. Since the pandemic, scrap steel is shipped to the Liverpool where it is either transhipped to larger ships bound for China.

It might look like silage, but in fact, its bales domestic and municipal waste, exported to Denmark where the waste is incinerated, and the heat is used in district heating of homes and schools. It is called RDF or Refuse Derived Fuel and has been exported out of Galway since 2013.

The new ferry is arriving at Galway Bay onboard the cargo ship SVENJA. The vessel is currently on passage to Belem, Brazil before making her way across the Atlantic to Galway.

Two Volvo round world races have selected Galway for the prestigious yacht race route. Some 10,000 people welcomed the boats in during its first stopover in 2009, when a festival was marked by stunning weather. It was also selected for the race finish in 2012. The Volvo has changed its name and is now known as the "Ocean Race". Capt Sheridan says that once port expansion and the re-urbanisation of the docklands is complete, the port will welcome the "ocean race, Clipper race, Tall Ships race, Small Ships Regatta and maybe the America's Cup right into the city centre...".

The pandemic was the reason why Seafest did not go ahead in Cork in 2020. Galway will welcome Seafest back after it calls to Waterford and Limerick, thus having been to all the Port cities.

© Afloat 2020