Drogheda Port Reports Increased Traffic Levels
Drogheda Port Company's annual report and trading results shows the Port is successfully managing to navigate the global economic downturn with an improved and solid performance for 2010.
Traffic levels have increased indicating positivity in the national and local economy. Volumes of cargo through the port increased year on year by 4% in 2010 with notable increases recorded in agri imports.
Addressing the company's annual general meeting Chief Executive Paul Fleming said: "A number of new port records were established in 2010; in March, the longest ever vessel to be accommodated in the Port, the MV 'Rusich - 1' at over 128 metres in length, berthed at Tom Roes Point Terminal.
"Flogas, investing in their terminal's future, welcomed the largest gas tanker ever to visit its facility at Drogheda Port - the 2,000 tonnes MV 'Thresher' - one of a fleet of the most modern and best equipped gas carriers in the world. The facilitating of larger and more efficient vessels will assist the continuing improvement in the Ports carbon footprint.
"I am glad to be able to report that 2011 has started very positively for the Port and first quarter trading volumes show an increase of 18% on the equivalent first quarter volumes for last year, driven primarily by export volumes of existing and new commodities, making Drogheda Port the best performing port in the first quarter of 2011.
"While the outlook for the Irish port sector for 2011 looks likely to be testing for the domestic ports and shipping sectors, Drogheda Port is projecting above average volume increases for the period, and we will continue to manage our cost base carefully to retain our competitive edge in a very challenging market."
Bremore
Meanwhile, in his annual review Sean Gallagher, the company's chairperson, added: "The company continues to develop plans for Bremore Ireland Port with substantial progress made during the year and I look forward to helping drive that agenda.
"I note that a Ports Policy Review is under way and a Consultation Document was issued in October 2010. The document acknowledges that it is important that ports are in a position to facilitate the return to economic growth when it occurs and that new capacity will be required in the medium to long term, and this needs to be planned for now.
"It also notes 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. The board of Drogheda Port have recognised these critical issues and they are the key drivers in the development of Bremore Ireland Port. The company's commitment to the development of a new deepwater port at Bremore has not diminished, nor that of our partners in the project."


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