IDA backs shipping centre plan

IDA Ireland, charged with winning overseas investment for the country, is backing plans to develop a shipping-finance centre in Dublin, bidding to emulate the city’s position as an international aviation leasing hub.

A company called ISSC Dublin Ltd said in a filing to Dublin City Council that it is acting for an unidentified investor who is planning a shipping services project that may result in more than 3,500 hirings in the city’s docklands.

In a separate filing, IDA Ireland said it supports the proposals.