Dublin Port records another record year

Dublin Port records another record year

Dublin Port Company's full year trading figures for 2017 show that cargo volumes hit record levels for the third year in a row.

The numbers show growth of 4.3% up to a new record level of 36.4m gross tonnes last year.

It brings overall growth at Dublin Port in the last five years to 30.1%.

The report shows that imports rose by 3.9% to 21.5m gross tonnes while exports grew more strongly by 4.9% to 14.9 million gross tonnes.

Containers and freight trailers account for 83% of all cargo and both the Ro-Ro and Lo-Lo sectors had major increases.

Ro-Ro went up by 5% in 2017 to almost one million Ro-Ro units (992,000), while Lo-Lo container volumes grew by 5.2% to 698,000 TEU.

The company invested €75m in port infrastructure in 2017 and plans to invest a further €132m this year.

Dublin Port’s Chief Executive, Eamonn O’Reilly, said:"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.

"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."

Mr O'Reilly is confident Brexit will not derail Dublin Port's progress.

He said: "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.

"Over the next two months, we will finalise our plans for the required re-introduction of border controls on trade with Britain and I am confident that the controls required will not significantly hinder the movement of goods or people through Dublin Port."

- Digital desk

More in this Section

Netflix and Nickelodeon form multi-year deal, one day after Disney+ launchNetflix and Nickelodeon form multi-year deal, one day after Disney+ launch

eir teams up with Amazon Prime to offer customers access to the service as part of TV packageeir teams up with Amazon Prime to offer customers access to the service as part of TV package

Business movers: Award-winning Katie Cunningham joins BBDO DublinBusiness movers: Award-winning Katie Cunningham joins BBDO Dublin

Non-stop flight from Heathrow to Sydney takes offNon-stop flight from Heathrow to Sydney takes off


Lifestyle

January 1st 2000 would remind you of the old Ernie and Bert gag.Remember Y2K? Pat Fitzpatrick remembers when we all throught planes would fall out of the sky

Amid a flood of interest in the island nation in recent years, here’s a few under-the-radar wonders to help separate you from the herd.6 amazing off-the-beaten-track destinations in Japan

November weather leaving your skin dry and dull? Rachel Marie Walsh picks the best new products to keep it spring fresh.Product Watch: The best new products to keep your skin spring fresh

Here is a selection of hot, comforting desserts for a cold winter’s evening. The first is a luscious and decadent chocolate orange dessert that stays soft in the centre.Michelle Darmody: Comforting desserts for a cold winter’s evening

More From The Irish Examiner