Port of Cork doubles the size of its customs facilities in preparation for no-deal Brexit
The Port of Cork today announced that it has doubled the size of its customs facilities in preparation for the likelihood that the United Kingdom (UK) will depart the European Union (EU) with a no-deal Brexit on October 31st, 2019, the company said in its release.
After close examination of historical data and several simulation studies, the Port concluded that if the UK leaves the EU single market and customs union without an agreement it is likely that more intensive checks and declarations will be required. Such an outcome is likely to substantially increase processing times at the border.
The Port of Cork is the second largest port in the Republic of Ireland in terms of turnover, and handles all vessel types including lift-on lift-off, bulk liquid, bulk solid, breakbulk, roll-on roll-off, and cruise. In 2018, the Port of Cork handled traffic of 10.66 million tonnes, including total container traffic of 228,762 TEU.
In addition to the Port of Cork’s investment in additional customs facilities, it has also recently invested €80m on a new container terminal that will help secure Cork as an international gateway for trade well into the future. The Cork Container Terminal will become operational in 2020.
About Port of Cork
The Port of Cork is the key seaport in the south of Ireland and is one of only two Irish ports which service the requirements of all six shipping modes i.e. Lift-on Lift-off, Roll-on Roll-off, Liquid Bulk, Dry Bulk, Break Bulk and Cruise.
The port has made impressive strides in recent decades. Since 2000, the Port of Cork has invested €72 million in improving Port infrastructure and facilities. Due to its favourable location on the south coast of Ireland and its modern deepwater facilities, the Port of Cork is ideally positioned for additional European trading as well as for yet unexploited direct deep sea shipping services.
A well-developed road infrastructure eases the flow of traffic from and to the port. The Port of Cork’s growing reputation for quality service, including prompt and efficient vessel turnaround, ensures its position as a vital link in the global supply chain.
