Turnover at Port of Cork Company up 21%

July 21, 2023
  • Turnover at the Port of Cork Company increased by over 21% last year to €48.4 million. That compares to a turnover of just under €40 million in 2021.
  • The company’s profits also increased by just under 18%, with an operating profit of €9.16 million, up from €7.78 million the previous year.
  • The company’s annual report shows that the Ports of Cork and Bantry reported a total consolidated traffic throughput of 10.2 million tonnes in 2022, slightly lower than in 2021.
  • The number of container twenty-foot equivalent units increased slightly, mainly due to the commencement of new Con-Ro services linking Ringaskiddy directly with Europe.
  • Imports of trade cars and dry bulks also increased which all offset small declines in liquid and break bulk traffic.
  • Brittany Ferries returned to normal pre-covid trading levels with 117,000 passengers and added a second weekly service from Cork to Roscoff.

Conor Mowlds, Chief Commercial Officer at the Port of Cork said 2022 was a significant year for the port. “Following a strong financial year, we are now in a better position to progress vital additions to our infrastructure – including upgrades to our cargo handling fleet and port facilities,” he added.