Record Profits for Foynes Port as Tonnage Increases

1st August 2011

A record operating profit of €2.5 million for last year was made by the Shannon Foynes Port Company, according to a report in today's Irish Times.

The profit of the mid-western port is on foot of a 23% increase in tonnage which rose to 9.4 million tons, up from 7.6 million in 2009.

The boost is revealed in the state-owned company's annual report which shows the facility made a bottom-line profit for the year of €1.1 million – a five-fold increase on 2009. Operating cash flows rose to €3 million, up from €2.7 million a year earlier. To read more click HERE.

Late last month the Co. Limerick port was busy particularly with the seasonal arrival of three cruise ships and all made within one week, for more click HERE. This Friday sees the return of one of those cruise-callers, the French-flagged Le Diamant which is on charter to operator Inter Cruises.

Published in Ports & Shipping

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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