Dublin Port cargo volumes increase for fourth successive year

Business | Tue 31 Jan | Author – Business & Finance
freight cargo ship

Dublin Port Company has announced the first review of its ‘Masterplan 2012-2040’, which opens today for public consultation as full-year trade figures show cargo volumes grew by 6.3% to 34.9 million gross tonnes in 2016.

Dublin Port’s Masterplan 2012-2040, a framework to guide the future development and operation of Dublin Port, makes provision for periodic reviews.

Since it was first published in 2012, there have been a number of significant developments, which have prompted a review of the Masterplan now. 

A consultation paper has been prepared to help inform the public consultation, which runs until Tuesday March 7th. Dublin Port is inviting submissions from all those with an interest in the future development of the Port. The Masterplan Review 2017 will be published in the summer of 2017. 

Dublin Port Company chief executive Eamonn O’Reilly commented: “Dublin Port’s volumes are now 13% or 4.0 million gross tonnes higher than they were at the peak of the boom in 2007. When we originally launched our Masterplan five years ago, we assumed an average annual growth rate of 2.5% over the 30 years to 2040. We now believe we need to increase this growth assumption to 3.3%.”

He continued: “It is prudent that we respond to changing circumstances as they impact on the Port’s operations and capacity to grow. That is why we are reviewing our Masterplan and, as part of this review, I would encourage people to take the opportunity to participate in the consultation over the coming weeks.”