Menu
Allianz and Afloat - Supporting Irish Boating

Ireland's sailing, boating & maritime magazine

Displaying items by tag: SFPC

Ministers at the Department of Transport have welcomed the award of more than €2.3 million in funding to Shannon Foynes Port Company under the European Union’s Connecting Europe Facility (CEF).

The co-funding will support a feasibility study to prepare for future development of a new deep-water berth and associated infrastructure at Foynes Port in Limerick.

Required infrastructure for these plans includes the construction of a bridge to link the new deep-water berth to the existing port area on the mainland. The study wills consider internal rail infrastructure.

It’s expected that this development at Shannon Foynes Port “will generate a considerably higher level of freight traffic and enhance connectivity along the North Sea-Mediterranean Corridor”, Transport says.

Reacting to the funding announcement, Minister for Transport Eamon Ryan said: “This is really positive news for Shannon Foynes Port Company and for Ireland. International connectivity is critical for our economic development.

“This feasibility study by Shannon Foynes Port Company will provide the basis for a new deep-water berth which can accommodate larger vessels and meet projected demand in the coming years. The project has also been designed to facilitate the potential role the port can play in the expansion of offshore wind energy in the future.”

Minister of State Hildegarde Naughton also welcomed the news. “Irish ports continue to benefit from financial backing by the European Union through the Connecting Europe Facility programme,” she said. “This award of over €2.3 million to Shannon Foynes Port Company represents another strong signal of the important role the port and its hinterland areas play in the EU’s TEN-T network.”

CEF funding supports projects on the EU’s Trans-European Networks in the fields of transport, energy and telecoms. The European Commission announced the selection decision of the call on 15 July and the full list of projects proposed to be funded is available online.

The news comes as the State-owned port company reported a 7.6% decline in turnover last year to €12.9 million as pre-tax profits fell from €4.9 million to €3.1 million due to the impact of the COVID-19 crisis. Afloat.ie has more on the story HERE.

Published in Irish Ports
Tagged under

Shannon Foynes Port Company which is state-owned, has reported a 7.6 per cent decline in turnover last year to €12.9 million as pre-tax profits fell from €4.9 million to €3.1 million due to the impact of the Covid-19 crisis.

Chief executive Pat Keating said it was a solid performance despite the unprecedented challenges faced by the facility, which is the country’s largest bulk port for non-container freight.

Earnings before interest, taxes, depreciation and amortisation (ebitda) for the year were €5.6 million, slightly up on the prior year despite a 94 per cent decline in throughput at the Moneypoint terminal due to the coronavirus pandemic.

Overall throughput at Shannon Foynes last year totalled 9.458 million tonnes, down 1.9 per cent or 185,000 tonnes versus 2019.

The Irish Times has further details of the mid-west port's performance. 

Published in Shannon Estuary

As an island nation, Ireland is dependent on ports and shipping services to transport goods, and 90% of our trade is moved though Irish ports.

Shipping and maritime transport services make a significant contribution to Ireland’s ocean economy, with the sector generating €2.3 billion in turnover and employing over 5,000 people in 2018.

The importance of Ireland’s ports and shipping services is the focus of this week’s Oceans of Learning series, with resources from the Marine Institute and Irish Maritime Development Office (IMDO).

Ireland’s maritime industry continues to grow and progress each year with Irish ports and shipping companies making significant investments.

The ports sector in Ireland is currently undergoing a number of expansions and developments — with Dublin Port’s Alexandra Basin development, the development of Ringaskiddy in Cork by Port of Cork and the development of Shannon Foynes Port.

Along with these major investments, shipping companies are also investing heavily in new tonnage, with Irish Ferries, CLdN and Stena leading new build programmes.

IMDO director Liam Lacey said: “The Irish maritime industry can look to the future with confidence. It has shown itself to be resilient and agile in responding to challenges.

“Over the past decade, it has had to respond to the challenges of the financial crisis of 2008, the uncertainty surrounding Brexit and recent challenges. Ireland’s maritime sector has continued to underpin our economy by maintaining vital shipping links for both trade and tourism.”

Oceans of Learning offers downloadable resource such as fact sheets, a quiz and posters on Ireland's shipping sector. To access the resources for this week’s series, visit Port of the Future.

For more information on Oceans of Learning, visit www.marine.ie and follow the Marine Institute on Facebook, Instagram and Twitter.

Published in Ports & Shipping

It was another record performance achieved at Shannon Foynes Port Company (SFPC) as the western port revealed its annual report for 2018.

According to SFPC, earnings before interest, tax, depreciation and amortisation (EBITDA) were €6.8million. As for operating profits in the period they remained exceptionally strong at €4.8million, €1.2million or 34% higher than five years ago, 2014. Revenue increased by 4.9%.

The company’s main ports on the Shannon Estuary, Foynes and Limerick, again achieved record tonnage levels, with an 11.7% increase in throughput. However, overall tonnage throughput was down by 5.5% to 10.7million due to a reduction of activity at privately managed terminals on the estuary.

This is the sixth year in succession that general cargo terminals have increased year on year.

Tonnages at Foynes and Limerick terminals for 2018 are some 50% higher at end 2018 than at end 2013 and exceed previous historically high tonnage levels experienced during 2006 by 11.2%.

To read more click the download here. 

Published in Shannon Estuary

In the mid-west the Shannon Foynes Port Company is pursuing an unprecedented investment programme at pace to transform the Shannon Estuary into a major economic hub and act as an economic counter-pole to Dublin, consistent with Government’s National Planning Framework.

According to the Limerick Post, the port authority, which is responsible for all commercial navigation of the estuary, has a €64 million investment programme already underway that will add an additional two-thirds capacity at its general cargo terminals of Limerick and Foynes.

A new road will transform accessibility to the West Limerick town while an ambitious plan for Limerick Docklands could see up to €100m of investment in growing capacity there and maximising non-core assets such as disused buildings and unused lands.

The Shannon Foynes Port Company (SFPC) is already Ireland’s second largest port operation, handling trade valued at €8.5 billion per annum. It is also designated as a Core Network Port (TEN-T) by the European Union – essentially the EU determining that SFPC is not just of national but international importance, a status that strengthens its hand when it comes to investment confidence.

The transformational programme was launched in 2013 through Vision 2041, an ambitious plan aimed at maximising the enormous potential of the Shannon Estuary as an economic hub for the region.

For further reading click the link here.

Published in Shannon Estuary
Tagged under

At the European Sea Ports Organisation (ESPO) annual Conference held in Port of Livorno, Italy, three ports were congratulated today among them Shannon Foynes Port Company for achieving the EcoPorts’ environmental management standard (PERS).

The other ports that received PER status were awarded to the Port of Melilla in Spain and the Port of Ceuta, a Spanish autonomous city in north Africa neighbouring Morocco.  

Isabelle Ryckbost, ESPO’s Secretary General, Eamonn O’Reilly, ESPO’s Chairman, and Sotiris Raptis, EcoPorts coordinator, handed over the PERS certificates to the ports’ representatives during the annual ESPO Conference in Livorno.

“I would like to congratulate Port of Ceuta for getting EcoPort’s environmental standard and Shannon Foynes Port Company and Port of Melilla for renewing it. European ports are clearly stepping up their efforts to communicate about their environmental policies and to engage with the surrounding citizens and community. The 2019 citizen wants to be better informed and is more engaged. Ports have to respond with more transparency regarding both externalities and environmental performance, but also have to show how the port in its different functions and responsibilities can contribute to the well-being of the city, the region and the citizen,” says ESPO’s Secretary General, Isabelle Ryckbost.

It is encouraging that the number of ports that joined EcoPorts is continuously increasing. Environmental challenges such as climate change, air quality, noise and water quality are key priorities for European ports. EcoPorts enables ports to further improve how they deal with the environmental challenges and to communicate to local communities, policy makers, research and civil society their priorities and the progress they make,” says EcoPorts coordinator, Sotiris Raptis.

Compliance with the PERS standard is independently assessed by Lloyd’s Register and the certificate has a validity of two years. PERS is revised after the 2-year period to make sure that the port continues to meet the requirements.

You can find more information on EcoPorts’ PERS and on the ESPO Environmental Report here in addition to this link.

Published in Shannon Estuary

#ShannonEstuary - The port of Shannon Foynes writes The Irish Times, could take any post-Brexit strain off Irish east coast ports should Border checks lead to congestion, its chief executive has said.

Pat Keating, chief executive of Shannon Foynes Port Company, said the country’s largest bulk port for non-container freight could take further capacity on completion of a general cargo terminal.

The State-owned company is investing more than €20 million converting 83 acres on the eastern side of the port for marine-related industry as part of a €64 million development plan.

As part of the expansion, the company plans to next year commence lift-on/lift-off operations of container freight that would allow it to take traffic from Dublin Port should Brexit congest freight traffic moving across the Irish Sea to UK ports.

To read much more click here. 

 

Published in Shannon Estuary
Tagged under

#Shannon - A €35m revolutionary floating data centre in Limerick Docks is being planned in a move which could create 124 jobs.

As The Limerick Leader writes the city has beaten a number of locations across Europe to the investment, with Minister of State Patrick O’Donovan hailing it as “yet another element of the city’s rejuvenation”.

With centres providing information technology power for businesses being highly sought after, the Shannon Foynes Port Company has teamed up with Californian firm Nautilus, which plans to moor a floating vessel providing commercial data storage at Ted Russell Dock.

For further reading on the proposed project, click here. 

Published in Shannon Estuary

#ShannonEstuary - Plans to transform 75 acres of Limerick docklands estate writes The Irish Times, into an economic hub will create more than 1,000 jobs and involve a minimum of €100 million of development, organisers have said.

The Shannon Foynes Port Company (SFPC) published on Friday its Limerick Docklands Framework Strategy (click Video) designed to transform the area just off Limerick city centre.

The assets earmarked for development include disused buildings and greenfield land banks that are surplus to the operational needs of the thriving Ted Russell Docks.

“The docks have been and will remain the core SFPC commercial activity at the Limerick docklands estate, which extends 2.15km along the river Shannon waterfront,” said the company.

“However, the strategy is the first time that non-core assets will be explored for their commercial potential in a programme that will attract significant inward investment and potentially in excess of 1,000 jobs.”

The company said the programme could involve a minimum of €100 million of development, potentially delivering 75,000sq m of new and existing buildings at the Ted Russell Docks, Corcanree Business Park and other sites off the Dock Road.

The company has already had discussions with a number of potential partners on individual projects within the wider scheme with a view to enabling works to begin on initial projects next year.

For more on the major redevelopment click here.

Published in Shannon Estuary

#ShannonEstuary - Another boost this week for Shannon Foynes Port Company, is the news that funding worth more than €4m is on the way from the European Union.

As the Limerick Leader writes the company has been cleared for almost €4.5m in EU transport funds, which will be used for further development work at the Foynes facility.

Two years ago, SFPC received over €3m from the same fund. This time, the grant has been allocated to join existing jetties at Foynes, infill an area behind these jetties, and develop 90 acres of land for ancillary port storage and port-related activities.

MEP Deirdre Clune, a member of the EU transport committee, said it was a vote of confidence in Limerick.

For more on the story click the link here.

Published in Shannon Estuary
Page 1 of 3

Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.

Featured Sailing School

INSS sidebutton

Featured Clubs

dbsc mainbutton
Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club
Royal Saint George Yacht Club

Featured Brokers

leinster sidebutton

Featured Associations

ICRA
isora sidebutton

Featured Webcams

Featured Events 2021

vdlr21 sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton
quantum sidebutton
watson sidebutton

Featured Chandleries

CHMarine Afloat logo
osm sidebutton
https://afloat.ie/resources/marine-industry-news/viking-marine

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
mansfield sidebutton
BSB sidebutton
wavelengths sidebutton
 

Please show your support for Afloat by donating