How We Work
At Londonderry Port our competitive edge lies in our ability to tailor arrangements to meet the specific requirements of each customer. We bring flexibility and innovation to our approach in meeting customers’ needs. We have developed a strong reputation in the market for delivering on our commitment to customers in this regard
Mission Statement
Londonderry Port’s mission is to be the most effective regional
port in Ireland and Great Britain by actively addressing the needs of
our beneficiary and non-beneficiary stakeholders.
• Developing, maintaining and operating
the port to the highest standards of efficiency, financial prudence, environmental
awareness, safety and security.
• Utilising our core assets to optimise
financial return, in line with our responsibilities to all our stake holders.
• Being actively accountable to beneficiary
and non-beneficiary stakeholders.
• Investing in our people (employees
and Commissioners) to achieve flexibility, teamwork, initiative, co-operation
and integrity.
• Administering, improving and maintaining
the Port to comply with our duty of care to current and future stakeholders.
• Maximising the value of the Port’s
non-core assets while taking account of the public interest.
Code of Practice
As a trust port, Londonderry Port is an autonomous statutory body, which
is independent of Government. It is run for the benefit of all our stakeholders,
who include commercial customers, employees, local authorities, the community
and the Government. The port has a duty to maximise the benefits to all
of these stakeholders, (existing, potential and future), and any surpluses
are ploughed back into the operation of the trust. The port runs according
to a Code of Practice. Click
here for details.
Governance and Status
Londonderry Port and Harbour Commissioners are committed to the best practice
of corporate governance as set out in the Code of Practice/Combined Code
and by the Department for Regional Development. In addition, the Board
has conducted its own Corporate Governance Survey which identified certain
areas for improvement and highlighted areas of good practice.
The Board meets ten times at scheduled meetings, bringing independent
views on strategy and policy issues. Commissioners are publicly appointed
to four years terms of office and include local elected representatives
and stakeholders. They meet at least 10 times a year.
Role of Commissioners
Commissioners at Derry Port- like other trust ports - have a corporate
responsibility to ensure that the organisation complies with all statutory
and administrative requirements placed upon it.
In addition, Board members should:-
• ensure that high standards of corporate
governance are observed at all times;
• establish the overall strategic direction
of the organisation following consultation with key stakeholders (the
Minister, the Regional Development Committee, the local authority and
port users), having regard to the best interests of the port and the local
economy;
• ensure that, in reaching decisions,
the Board has taken into account Government policy and any relevant guidance
provided by the sponsor department;
• ensure that due regard is paid to
the need to promote equality of opportunity in carrying out the functions
of the Board.
Economic and Financial
The port aims to play a full role in the regional economy and establish
the port as a gateway to the entire North West of Ireland. It is an integral
part of the regional economy and the growing success of the port is attracting
significant inward investment.
The Commissioners have invested in excess of £15m in new infrastructure
and have attracted c£50m of private capital expenditure to the region
by way of new commercial developments. This is facilitating an increase
in employment numbers, with the port employing 50% more staff now than
in 2003. The inward investment projects are also creating employment opportunities
with up to 200 new direct and indirect jobs now in the pipeline.
Financially, as a public trust port, the Commissioners are required to
prepare financial statements for each financial period, which give a true
and accurate record of the state of Affairs of the Port and of its profit
or loss for that period. Click
to view latest accounts.