Port of Cork Invest 3 Million in new Crane for Ringaskiddy [video + audio]

The Port of Cork has announced an investment of €3 million in new plant
equipment following an agreement with crane manufacturer, Liebherr. The
investment includes a new LHM 550 Harbour Mobile Crane which will be in
operation at Ringaskiddy Deep-water Berth.

Increasingly, importers to the Port of Cork are using Panamax size vessels
of over 200 metres in length, so providing the most capable equipment to
discharge these vessels is vital to ensuring a fast and efficient
turnaround. With the recent fodder crisis in Ireland, the Port of Cork has
seen an increase of hay shipments and dry bulk to the port, justifying the
need for new plant equipment. The new LHM 550 crane will enhance the Port
of Cork’s capabilities in handling this type of vessel and is critical to
efficient bulk and container discharge operations in Ringaskiddy.

Over the last two years, the Port of Cork has invested up to €7 million in
the Ringaskiddy Deep-water Berth demonstrating their commitment to
providing the best possible service to port customers. Following the
purchase of additional handling equipment in Ringaskiddy in 2012, the Port
of Cork and global shipping company Maersk, were able to commence their
direct container service to Ireland. Container services such as this have
enabled the Port of Cork to greatly increase volumes of imports and
exports. The Port has seen a dramatic increase of almost 50% in bulk cargo
and anticipates a further increase in demand in this dry bulk sector
highlighting the need for continued investment in new equipment.

Speaking about the investment, Mr Denis Healy Manager of Engineering
Services/Deputy Chief Executive, Port of Cork said: “The LHM 550 crane is
designed for versatile and efficient cargo handling and will provide
greater efficiency for all our customers. This adds to the recent
investment the Port made last year in our new Container Terminal handling
operations in Ringaskiddy. The Port has seen a dramatic increase in
throughput in Ringaskiddy mainly due to an increase in bulk cargo and with
the current fodder crisis in Ireland; there have been a number of large
shipments of hay arriving into the Port.”

The Port of Cork is ideally located to offer state of the art facilities in
the offshore oil exploration market in the Celtic Sea and Porcupine basin.
In 2012 the Port of Cork successfully assisted with the BarryRoe Oil
Exploration Project. This creates opportunities and challenges for the Port
in terms of berths available; however the Port is confident that the
current development plans for Ringaskiddy will answer the needs of the port
and those of the region in the short, medium and long term.

Other areas which the Port of Cork anticipates an increase is the
agri-business, particularly when the reforms to the CAP come into effect in
2015. The Port of Cork expects to handle much larger shipments in the
future so it is imperative that the Port has the right equipment and berths
available to be able to handle different types of cargo.

The Port of Cork is a key link to the economic success of Ireland and in
particular the entire Munster region. 98% of goods imported or exported
from Ireland are moved by ship, highlighting the importance of ports to our
economy. Earlier in the year, the Port of Cork outlined plans for
potential Port development in Ringaskiddy. These proposed developments are
the first phase of the implementation of the Port of Cork’s Strategic
Development Plan Review (2010), the core principles of which were endorsed
in the recently launched National Ports Policy.

This Policy has also identified the continued commercial development of the
Port of Cork Company as a key strategic objective in terms of allowing the
Port of Cork to meet the needs of the Country in the short, medium and
long-term. It is the hoped that the Port of Cork will be in a position to
lodge a planning application for the future development of Ringaskiddy at
the end of 2013.

Speaking generally Captain Michael McCarthy, Commercial Manager for the
Port of Cork, says the future is looking good for Ringaskiddy


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