Cork buoyant
2013 proved a good year for the Port of Cork, which has reported an increase in traffic volumes from 9.05 million tonnes in 2012 to 9.12 million tonnes in 2013. Turnover amounted to €23.3 million in 2013, an increase of 6.59% and after deducting costs, the profit on ordinary activities before taxation amounted to €1.74 million, an increase of €0.371 million or 27%.
In 2013, the company maintained its commitment to capital investment by making additions to fixed assets of €5.89 million. This brings investment level by the company, since 1997, to €109 million.
The most notable investment in 2013 was the purchase of a new Liebherr LHM 550 crane for Ringaskiddy to support the increased imports of dry bulk cargos.
As one of the three EU Core Network Ports in the State, the Port of Cork was successful in securing EU TEN-T funding in 2013 to assist and support the statutory consent for the infrastructure development proposal planned for Ringaskiddy.
By Jake Frith
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