Loss of cruise and parking revenues see Port of Waterford's profits fall

2021 is improving with bulk handling cargo currently ahead of 2020 by more than 20%

Like many ports, Waterford has been impacted by the pandemic's impact on the global cruise business.

The collapse in the global cruise liner business and the absence of parking income saw turnover at the Port of Waterford fall by 8% last year compared to 2019.

However, the company reported operating profits for the financial year of €0.7m, down from the €1.2m recorded in 2019 during a period of trading set against the pandemic.