Drogheda Port Company successfully managed to navigate the global economic downturn with an improved and solid performance for 2010, delegates where informed during its annual report released yesterday, writes Jehan Ashmore. 

Speaking about the performance of Drogheda Port Company, Leo Varadkar TD, Minister for Transport, Tourism and Sport said; "I congratulate the company on its solid trading performance in 2010 following a difficult year in 2009. Both imports and exports through the port returned to growth in 2010. The company has managed its costs well and remains profitable. I support the company's plans to develop the existing port and indeed to continue to progress its proposal for a new deepwater port at Bremore.

The Minister added "this country's return to economic prosperity will be export-led and Irish ports will play an important role in facilitating that trade. The overall structure of the State's ports will be reviewed later this year as part of the current Ports Policy Review and will take account of the recent recommendations of the McCarthy Group. Irrespective of the outcome, well managed and profitable ports such as Drogheda will continue to play an important role in serving the market and facilitating industry and jobs.

As part of the ongoing the Ports Policy Review a Consultation Document was issued in October 2010, which highlighted the important role of ports to facilitate the return to economic growth when it occurs. In addition new capacity will be required in the medium to long term and this needs to be planned for now.

The consultation also acknowledges the continuing trend towards larger ships requiring deep-water ports, the reduced availability of ships to serve smaller ports and the emergence of the concept of port-centric logistics as a key driver for future port development.

As for this year "a number of new port records were established in 2010" said Mr. Paul Fleming, Drogheda Port chief executive. "In March, the longest ever vessel to be accommodated in the port, the Rusich 1 at over 128m in length berthed at Tom Roes Point Terminal". The 4,970 tonnes vessel arrived from Vyborg, Russia with a cargo of fertiliser.

Mr Fleming also referred to the largest gas tanker ever to visit its facility at the Flogas LPG terminal when the 1,720 dwt tonnes Thresher docked last October. The Dutch flagged Thresher had arrived loaded with a cargo from the Whitegate Refinery, Cork Harbour and is operated by Chemgas which operate one of the most modern gas carrier fleets in the world.

In addition to last year's performance, first quarter figures for 2011 were revealed with trading volumes reporting an increase of 18% based from the same quarter for last year. The rise was primarily driven by export volumes of existing and new commodities.