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Irish Continental Group Steers Freight & Ferry Routes to Higher Profits

7th March 2014
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Irish Continental Group Steers Freight & Ferry Routes to Higher Profits

#ICGresults - The Irish Continental Group (ICG) which operates container operations and Irish Ferries, has recorded higher revenues and operating profits last year, as both passenger numbers and freight volumes increased, reports The Irish Times.

The ferry group, which also owns container shipping line Eucon as well as container terminals in Dublin and Belfast, has also highlighted a positive start to their freight business in 2014, despite the impact of "unprecedented" weather conditions.

Some 16 per cent of budgeted sailings have been cancelled since the start of the year, resulting "in some loss of discretionary passenger business and a disruption to freight business", the group said.

However, additional capacity from its new ferry, the Epsilon, helped counter the effect of the lost sailings, it added.

Passenger numbers have slipped 4 per cent so far in 2014, but roll-on-roll-off freight volumes have surged 18 per cent. For much more on this story click HERE.

 

Published in Ports & Shipping
Jehan Ashmore

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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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