Cork beats trend
Despite the ongoing national economic downturn, Ireland’s Port of Cork Company has returned an improved performance in 2012 compared to 2011.
Total traffic in volume terms amounted to 9.05m tonnes, against a volume of 8.8m tonnes in 2011. Turnover amounted to €21.8m, an increase of 1.87% and after deducting costs, the profit on ordinary activities before taxation amounted to €1.36m.
Throughout 2012, the company maintained its commitment to capital investment by making additions to fixed assets of up to €6m, bringing investment levels by the company, since incorporation in 1997 to €103m.
The Port of Cork completed a new compound in Ringaskiddy to accommodate a new Maersk transatlantic service, the first Lo-Lo deep sea service in Ireland. Delivery of the new pilot boat Failte won the business of servicing the Exxon Mobil oil exploration project.
Container traffic through the port increased by 6%, bringing the total volume of containers handled at the port in 2012 to 166,285 TEU.
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