Waterford touted as key to ‘capacity crisis’ as port turnover hits €10.7m

THE Port of Waterford hopes it holds the key to Ireland’s looming capacity crisis in the container shipping industry.

Its large land bank, coupled with its strategic location on the eastern seaboard, close to Britain and mainland Europe, also make it ripe for future development, port bosses say.

The port has recorded another strong trading performance in 2005, handling 2.6 million tonnes during the 12 months to December 31 last, new figures reveal. The Port of Waterford Company now hopes it can help address Ireland’s imminent shipping capacity logjam.