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Displaying items by tag: Year 2015 port in profit

#PortProfits – The Chief Executive of the Port of Milford Haven has praised staff for delivering strong performance in tough trading conditions at the UK’s biggest energy port.

The south Wales port  has published its accounts for 2015, showing the Pembrokeshire port recorded a profit before tax of £4.4m. The port experienced net growth in cargo volumes, up by over 10% on 2014 levels, at 37.8 million tonnes.

Valero remained consistently busy and the Port benefited from a continued increase in volumes of LNG. The storage terminals at SemLogistics and Puma Energy also saw reasonable levels of activity.

Chief Executive at the Port of Milford Haven, Alec Don, welcomed the results. “Not only has the port remained busy, it has also attracted new business to the area,” he said. “We have continued to invest in both services and facilities to ensure we can maintain the port’s status as the UK’s biggest gateway for seaborne energy products. Considerable praise must go to our staff. Their skill and dedication has kept the port running efficiently and effectively,” he added.

Investment in operations up-river at Pembroke Port also yielded results. The port remained South Wales’ largest and most successful ferry terminal. It also attracted a new contract to handle and ship out refuse-derived fuel to Sweden. The diversification strategy to attract manufacture and maintenance contracts for marine renewables took a leap forward at the end of 2015 with the deployment of Tidal Energy Limited’s prototype device, DeltaStream, constructed in the port.

The Port of Milford Haven also owns and operates Milford Dock and Marina, base of Wales’ largest fishing port. Planning approval for a wholesale redevelopment of the area was secured in 2015, paving the way for further investment and modernisation.

“Last year saw significant improvements both in the water, with new lock gates bringing significantly enhanced and shortened passage times into and out of the docks and marina, and by the water with new fish handling and processing facilities,” said Alec.

“Our strategy to invest in the growth of fish handling, processing and retail will also be a catalyst for further business activity here,” he added. “Across the docks we have laid the foundations for comprehensive development that will see new retail and visitor attractions built. In turn, this will generate jobs and encourage further inward investment.”

“We are investing for the future. However, this can only be achieved through close collaboration with partners and in a business environment that makes it easy to invest, operate and employ.”

Published in Ports & Shipping

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