Displaying items by tag: €11m Dividend to State

12th April 2016

Busier Than During The Boom As Dublin Port Trade Soars

#TradeSoars -Almost €11m in dividend from Dublin Port Company has been paid to the State as trade and profits surge at the semi-state business.

The dividend for 2015 writes The Irish Independent is almost 24pc more than was paid by Dublin Port in respect of 2014.

Dublin Port Company chief executive Eamonn O'Reilly said that 2016 had started strongly, with the overall level of trade at the facility jumping 6.8pc in the first quarter of the year. Imports were up 6pc in the period, while exports were 7.9pc higher.

The port is now even busier than it was during the boom, with an average of 20 ships a day arriving there during the first three months of 2016.

Trade at the port grew 17.3pc in the three years to the end of 2015.

"Were growth to continue at these rates, Dublin Port's throughput would double by 2026," said Mr O'Reilly, who has been CEO since 2010.
Dublin Port has already embarked on a major €230m project to expand its facilities. That scheme will be completed in four years.

The so-called Alexandra Basin Redevelopment (ABR) will deepen and extend berths, enabling it to handle bigger vessels.

The European Investment Bank has provided €100m in finance for the Alexandra Basin project. It's part of a major masterplan for Dublin Port that is designed to steer expansion to cope with growth up to 2040.

The ABR also includes a scheme for allowing larger cruise ships to visit the capital. They'll also be able to berth closer to the city centre.

To read the full article, click here.

Published in Dublin Port

Tagged under

Irish Sailing

The Irish Sailing Association, also known as Irish Sailing, is the national governing body for sailing, powerboating and windsurfing in Ireland.

Founded in 1945 as the Irish Dinghy Racing Association, it became the Irish Yachting Association in 1964 and the Irish Sailing Association in 1992.

Irish Sailing is a Member National Authority (MNA) of World Sailing and a member of the Olympic Federation of Ireland.

The Association is governed by a volunteer board, elected by the member clubs. Policy Groups provide the link with members and stakeholders while advising the Board on specialist areas. There is a professional administration and performance staff, based at the headquarters in Dun Laoghaire, Co. Dublin.

Core functions include the regulation of sailing education, administering racing and selection of Irish sailors for international competition. It is the body recognised by the Olympic Federation of Ireland for nominating Irish qualified sailors to be considered for selection to represent Ireland at the Olympic Games. Irish sailors have medalled twice at the Olympics – David Wilkins and Jamie Wikinson at the 1980 games, and Annalise Murphy at the 2016 games.

The Association, through its network of clubs and centres, offers curriculum-based training in the various sailing, windsurfing and powerboating disciplines. Irish Sailing qualifications are recognised by Irish and European Authorities. Most prominent of these are the Yachtmaster and the International Certificate of Competency.

It runs the annual All-Ireland Championships (formerly the Helmsman’s Championship) for senior and junior sailors.

The Association has been led by leading lights in the sailing and business communities. These include Douglas Heard, Clayton Love Junior, John Burke and Robert Dix.

Close to 100 sailors have represented Ireland at the Olympic and Paralympic Games.

Membership of Irish Sailing is either by direct application or through membership of an affiliated organisation. The annual membership fee ranges from €75 for families, down to €20 for Seniors and Juniors.