Port of Cork looking to progress car storage facility in Ringaskiddy

Approximately 40,000 new cars are traded through the port each year

Andrew Boland, Managing Director, National Vehicle Distribution, Cormac Dufficy, Managing Director, Euromed Ireland Logistics Ltd and Donal Crowley, Deputy CEO, Port of Cork Company at the signing of the Memorandum of Understanding between to explore the possibility of developing a multi-storey car park at the Port of Cork in Ringaskiddy. Pic: Diane Cusack

The Port of Cork is exploring options to establish a multistorey car storage facility at Ringaskiddy that could have the capacity to store approximately 6000 new trade cars at a time.

The company has entered a strategic partnership with two key customers; Euromed Ireland Logistics Ltd. (EIL) and National Vehicle Distribution (NVD) to develop the plan.

The three companies have worked together for more than 40 years, with Cork Harbour remaining a key location for importing new vehicles into the country. Approximately 40,000 new cars are traded through the port per year and are currently stored across 25 acres of port lands for up to a week at a time, before being distributed to dealerships throughout Ireland.

Port of Cork forecasts an almost 10,000 increase in trade vehicles through its site in 2024.

The three companies have now signed a Memorandum of Understanding (MoU) to explore the potential of developing a new on-site car storage facility to reduce the current on-dock footprint to a more sustainable level.

Conor Mowlds, Chief Commercial Officer of the Port of Cork said the collaboration aligns with their plans to enhance the efficiency and sustainability of port operations.

"We believe strong port infrastructure in Ireland fosters economic growth, enhances trade opportunities, and strengthens connectivity with the global markets we serve - therefore leading to improved offerings to our clients and continued growth in our volumes to and from Ireland," Cormac Dufficy, Managing Director of Euromed Ireland Logistics Ltd said.

Andrew Boland, Managing Director of NVD said they were pleased to be part of the collaborative initiative. "The proposed development would align with our long-term vision of enabling the growth and trade of vehicles within the region. We look forward to closely working with our partners as we explore this opportunity," he said.