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The company will deepen berths at Dawson’s Wharf by 2.5 metres to 8.5 metres to accommodate bigger ships.

The company has also invested in the two million euro Gottwald harbour crane.

Mr Dawson said: “We are involved in discussions with Ensus about the logistics supply chain, both now and in the future as the company expands.

"Ensus is a fundamental part of the decision to buy the new harbour crane, which will be used partly for unloading grain from ships.

"Grain volumes for Ensus are huge, at full tilt it can consume around 5,000 tonnes every single day, which is a massive amount.

“As far as port operations are concerned, grain could be the new steel for AV Dawson. It will certainly replace steel volumes and possibly more so.

"The crane will also give us increased lifting capacity in heavy project work from offshore wind to oil and gas. Biofuels and renewables are certainly growth areas.

“We can’t wait for the business to come to us, we have to stick our necks out and go find it. We are also looking at whatever avenues we can to attract Government funding.

"At the moment, renewables accounts for less than 10% of our business. We hope it will become 20% or more. We have to transform to be fit for purpose for the new green industries coming in.”

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