Dublin Port Company prepared for possible no-deal Brexit hit

The Dublin Port Company has said it will be fully prepared for a hard, or ‘no deal’, Brexit by next March to guard the country’s main port from the effects of the UK crashing out of the EU without any agreed trade deal in place.

Dublin Port Company prepared for possible no-deal Brexit hit

By Geoff Percival

The Dublin Port Company has said it will be fully prepared for a hard, or ‘no deal’, Brexit by next March to guard the country’s main port from the effects of the UK crashing out of the EU without any agreed trade deal in place.

New figures show continued strong growth at Dublin Port this year, with total throughput — in terms of cargo volumes — up 4.7% on a year-on-year basis in the first nine months to 28.4 million gross tonnes.

However, while total passenger numbers rose 3.3%, there was a 0.6% drop in ferry passengers and a 1.5% decline in tourist vehicles — attributed to harsh weather conditions and lower numbers of UK visitors on the back of a Brexit-triggered volatility in sterling rates.

Cargo volumes have now grown 36% in six years and the Dublin Port Company said it needs to accelerate its capital investment plan to boost port capacity as growth is already outstripping its long-term ‘masterplan’ growth rate.

We have begun construction of primary border control infrastructure to ensure that Dublin Port is prepared for whatever Brexit might throw at us,” said Dublin Port Company chief executive Eamonn O’Reilly.

“Our preparations are closely co-ordinated with the various State agencies who will have to carry out inspections on UK freight once Brexit happens. Having come through the worst of recessions from 2008, our volumes are already 23% higher than they were in 2007. In the timescale of port infrastructure projects, we need to press ahead with our infrastructure projects notwithstanding the uncertainties of Brexit,” Mr O’Reilly said.

More in this section

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up