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Displaying items by tag: Billions: Cargo

In Egypt, the Suez Canal Authority has said that a shipping traffic jam caused by a giant container vessel getting stuck on the crucial waterway for almost a week has been cleared.

Traffic on the canal, a conduit for over 10% of world trade, began moving again on Monday evening after the 200,000-tonne MV Ever Given was refloated with the help of international salvage experts.

"All the ships waiting in the waterway since the grounding of the... (MV) Ever Given have completed passage," SCA chief Osama Rabie said in a statement by the canal authority.

The wedging of the Japanese-owned, Taiwanese-operated ship had created tailbacks to the north and south totalling over 420 ships, with billions of dollars-worth of cargo.

More here reports RTE News on the Suez shipping incident and impact on Asian-Europe trade.

Published in Ports & Shipping

About Warrenpoint Port

The Original Port of Warrenpoint was constructed in the late 1770s and acted as a lightering port for the much larger Port of Newry.

Following the demise of Newry Port Warrenpoint Harbour Authority was created as a Trust Port by legislation in 1971. The modern Port was completed in 1974 when it covered 28 acres. Since then the port has expanded to its current size of approximately 53 Acres. The Authority has just completed a £22 Million capital infrastructure project (under the terms of a Service of General Economic Interest with the Department for Regional Development) that includes, the construction of a 300 Metres of Deep Water Quay (7.5 Metres C.D), new Ro-Ro berthing facilities, additional lands and covered storage facilities and a new 100 Tonne mobile crane.

  • Warrenpoint Port is the second largest port in Northern Ireland and the fifth-biggest on the island of Ireland.
  • Warrenpoint Harbour Authority was created as a Trust Port by legislation in 1971.
  • In 2018, the value of goods moving through Warrenpoint Port was £6.5 billion. The Port handled 3.56 million tonnes in 2017, increasing to 3.6m in 2018.
  • The port employs 70 staff directly and supports over 1,500 in the local economy.
  • In addition to serving the markets in Great Britain and the Republic of Ireland, the Port deals with imports and exports from countries and regions across the world including to Spain, Italy, Sweden, Belgium, Germany, Ukraine and the Americas.

 

At A Glance – Warrenpoint Port

  • Warrenpoint, Newry BT34 3JR, United Kingdom Phone: +44 28 4177 3381

     

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