Ireland’s Dublin Port Company are accelerating their investment plans to ensure appropriate port capacity. Based on its Masterplan, the Port has invested EUR 75 million in port infrastructure in 2017, and a further 132 million will be invested during 2018.
Dublin Port’s Chief Executive, Eamonn O’Reilly, says:
'Dublin Port’s multi-million euro infrastructure investment programme is matching our customers’ continuing investments in new ships.
Irish Ferries has committed €165m in a huge new ship for the Dublin-Holyhead route due by mid-2020.
Later this year, the €150m W.B. Yeats will commence a service from Dublin to Cherbourg.
In October last year, CLdN introduced the enormous 8,000 lane metre MV Celine on its Dublin to Zeebrugge / Rotterdam service.’
So what is the Dublin Port Company’s Masterplan?
The Masterplan illustrates plans for future operations at the Port and examines how existing land use can be optimised for future trade. It states:
- Plans for future sustainable growth in facilitating seaborne trade in goods and passenger movement to and from Ireland and the Dublin Region
- Provides detailed information and context for future investment decisions
- Reflects for current national and regional guidelines
- Ensures there is harmony between the plans for the Port and those for the Dublin Docklands Area, Dublin City and the neighbouring counties within the Dublin Region
- Gives certainty to customers about how the Port will develop in the future to meet their requirements.
The latest figures show that cargo volumes through Dublin Port hit record levels for the third successive year with growth of 4.3% to reach a new record level of 36.4m gross tonnes in 2017. This means overall growth at Dublin Port in the five years since economic recovery began in 2013 to +30.1%. Imports also grew by 3.9% to 21.5 million gross tons while exports grew more strongly by 4.9% to 14.9 million gross tons.
CEO Eamonn O’Reilly, said,
'Growth of 4.3% in 2017 confirms that the longstanding trend of compounding annual growth in Dublin Port is back.
Every year from 1993 to 2007 was a record year in Dublin Port. In the past three years we have seen this pattern re-emerge, with 2017 the third year in a row for record growth.
We are projecting another record year in 2018 with growth of about 5%. Dublin Port’s growth is driven by domestic demand and both population growth and a stronger economy will continue to drive volumes up for the foreseeable future.’
Brexit’s ‘Impending Doom’
Brexit brings many challenges and over the next few months, Dublin Port Company will finalise their plans for the required re-introduction of border controls on trade with Britain. Their CEO Eamonn O’Reilly is positive that Brexit will not significantly hinder movement through the Port. O’Reilly states ‘While BREXIT brings uncertainties and challenges to our business, the combination of investments by our customers and by Dublin Port is underpinned by a shared confidence in the future.’
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