{"id":362,"date":"2018-10-04T11:29:00","date_gmt":"2018-10-04T10:29:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2018\/10\/04\/brexit-could-offer-port-perks\/"},"modified":"2026-08-27T13:44:08","modified_gmt":"2026-08-27T12:44:08","slug":"brexit-could-offer-port-perks","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/europe\/brexit-could-offer-port-perks\/","title":{"rendered":"Brexit could offer port perks"},"content":{"rendered":"<p>According to the <em>Belfast Telegraph<\/em>, Brian McGrath said that the UK\u2019s EU-departure would not necessarily have been port operator Londonderry Port and Harbour Commissioners\u2019 chosen path, but he noted that the body is still optimistic.<\/p>\n<p>\u201cOur location at Lisahally makes Brexit a strong opportunity for us,\u201d he said.<\/p>\n<p>\u201cWe have the ability, resources and capacity to be well-prepared should there be a no-deal output.\u201d<\/p>\n<p>The port\u2019s key business is largely based around fertiliser and animal feed, with about 40% of commodities being received from Europe.<\/p>\n<p>According to Mr McGrath, the facility primarily supports the agricultural energy sectors in the north west, also supporting about 20,000 farms in the cross-border region of Ireland and the UK.<\/p>\n<p>\u201cWe are obviously interested in future customs arrangements and whether or not there will be a lot of additional bureaucracy,\u201d he explained.<\/p>\n<p>\u201cThe question is whether or not it will affect our competitive position and that is something we would be very concerned about.\u201d<\/p>\n<p>Mr McGrath was speaking as Londonderry Port and Harbour Commissioners reported a record turnover of \u00a39.1m for the year to 31 March this year.<\/p>\n<p>The 5% increase over the year means port turnover has tripled in a decade and a half, but pre-tax profits were down 19% year-on-year from \u00a32m to \u00a31.6m (though Mr McGrath said the enterprise is still commercially-robust).<\/p>\n<p>The port also increased its workforce by 10% over the year, with staff costs going up from \u00a33.2m to \u00a33.6m.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brexit could present Foyle Port, located in Northern Ireland in the UK, with robust opportunities, the facility\u2019s chief executive has said.<\/p>\n","protected":false},"author":8,"featured_media":363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"sponsor":[],"class_list":["post-362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=362"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/362\/revisions"}],"predecessor-version":[{"id":364,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/362\/revisions\/364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/363"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=362"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}