Port profits as CEO cruises in

David Sinnott, New CEO of Port of Waterford

Port of Waterford has estimated that it would generate €3.5m this summer with the return of cruise ships for the first time in two years.

Some 27 cruise liners and 35,000 passengers are expected over the peak season.
It comes as the port has reported operating profits of €1.1m for 2021, up from €700,000 the previous year.

It said activity for the first half of 2022 demonstrates that the business is again showing positive momentum, with bulk handling ahead of 2021 by over 12% at the half year and laden container throughput up 5% on last year.

Turnover was €7.7m and shareholder’s funds ended the year at €34m.

The news comes as Wexford native David Sinnott has been appointed as the new CEO of Port of Waterford. Mr Sinnott has spent the past decade in Germany working at Carl Zeiss Vision International GmbH, where he held the role of vice president of product management.

He will leave his position at Carl Zeiss to take up his role as head of the port in September, following the completion of Frank Ronan’s term as CEO.


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