Latest news with #containers
Irish Times
11 hours ago
- Business
- Irish Times
Irish consumers missed out on €66.7m in uncashed bottle deposit returns last year
Irish consumers missed out on €66.7 million last year when they failed to cash in their deposits for soft drink containers through the Deposit Return Scheme (DRS). Re-turn's 2024 annual report shows the failure to redeem these depositswas the chief reason behind the State-backed firm recording a pretax surplus of €51.3 million last year. Established by the Government, Re-Turn began its DRS operations on February 1st, 2024 with the aim to significantly increase the recycling rates of bottles and cans. Last year, 877.85 million containers were returned, made up of 433.2 million plastic bottles and 444.6 million cans. READ MORE Re-turn recorded revenues of €114.4 million in 2024. This included the €66.7 million in unredeemed deposits and €47.7 million made up of €17.2 million from the sale of material and €30.5 million from 'producer fees'. The company's 2024 costs totalled €62.2 million, made up of direct collection and recycling costs of €46.5 million and administrative expenses of €15.7 million, which included a spend of €4.6 million on 'marketing, communications, and public awareness'. Influencers beware, Revenue is on the prowl Listen | 48:38 The report says 'unredeemed deposits are an expected and routine scenario for deposit return schemes and it was anticipated that in the initial transition period redemptions would be low and therefore there would be a high level of unredeemed deposits'. The report for the not-for-profit states, 'the fees from unredeemed containers are being reinvested in a number of ways'. These include paying off initial scheme set-up costs, infrastructure development, consumer education campaigns and contributing to its legally required contingency reserve. Income from unredeemed deposits 'is expected to significantly reduce as the scheme reaches its targeted redemptions of 90 per cent in the coming years'. Re-turn chief executive Ciarán Foley said: 'Thanks to the incredible buy-in and adoption from the Irish public, 877 million containers were returned through DRS in 2024, equating to an average 66 per cent post-transition period recycling rate. 'The seasonality of the soft drinks market was reflected in some even higher months, such as in August when the return rate reached 75 per cent. Every 1 per cent increase equates to around 19 million containers.'
Yahoo
5 days ago
- Automotive
- Yahoo
Warning over odd rule when filling up at Tesco petrol station
Drivers are being made aware of a little-known rule in place at Tesco petrol stations. While filling up your vehicle with fuel should be fairly straightforward, those looking to fill up anything else should be wary of the obscure regulations. There are strict rules in place by the national supermarket which have caught motorists out in the past. It is not widely known, but anyone looking to fill containers can only fill up a maximum of two, and they must not exceed 30 litres between them. READ MORE: Oxford's Miriam Margolyes: 'I'm not anti-Jewish, I'm anti-killing children' Customers filling up at Tesco have been warned. (Image: Google Maps) A Tesco spokesman said: 'Under the Petroleum Consolidation Regulations, we are required to have a policy in place to ensure the safe use of portable fuel containers at our petrol stations. 'Our policy is that only two portable containers (with a maximum combined capacity of 30 litres) may be filled on each visit by a customer.' The supermarket's website lists the rules in more detail, specifying exactly which containers are allowed. READ MORE: James Corden and Ruth Jones reunite for new Gavin & Stacey show Only authorised plastic or metal containers can be used, and the maximum capacity for a plastic container is 10 litres, while a metal container can take 20 litres. Petrol containers should be marked or labelled with the words: 'PETROL' and 'HIGHLY FLAMMABLE', a hazard warning sign and the capacity in litres. Tesco also added that the containers should also have the manufacturer's name and the date and month of manufacture. 'The maximum amount that can be legally stored by a private individual, without formally notifying the Petroleum Enforcement Authority is 30 litres,' said a spokesperson for the supermarket.
The Standard
29-07-2025
- Business
- The Standard
US-China trade talks: Can China reduce its export dependence?
A drone view shows shipping containers from China at the Port of Los Angeles, in San Pedro, California, U.S., May 1, 2025. REUTERS/Mike Blake/File Photo
The Standard
18-07-2025
- Business
- The Standard
China threatens to block Panama ports deal unless its shipping giant gets stake
A drone view shows cranes and containers at the new megaport being built by China's state-owned Cosco Shipping in Chancay, Peru October 24, 2024. REUTERS/Angela Ponce/File Photo
Yahoo
15-07-2025
- Business
- Yahoo
Container Q2 volumes up 4.4% for OOCL parent
Orient Overseas (International) Limited said it carried 4.4% more containers in the second quarter from the same period a year ago. The gain was generally in line with global container volumes for the quarter. The Hong Kong-based parent ( of Orient Overseas Container Line, a unit of China's Cosco, said liner revenue fell 6.5% y/y to $2.12 billion for the quarter ending June 30 as revenue per twenty foot equivalent unit slid 10.4%, from $1,205 to $1,079 per TEU. The largest decline was seen on Asia-Europe services, down 17.2%. Loadable capacity was 7.5% higher while the overall load factor fell by 2.4%. For the first six months ended June 30, liner revenue increased by 4.4% and total liftings increased by 6.8% y/y. The carrier's capacity was 8% higher, while the load factor fell 0.9%. Average revenue per TEU was off by 2.2% compared to a year ago. Find more articles by Stuart Chirls unions to unite for 'anti-automation' protest Tariff pauses 'unlikely' to halt tumbling trans-Pacific rates: Freightos June rebound as West Coast containers best East, Gulf ports Port Newark opens new electric drayage charging station The post Container Q2 volumes up 4.4% for OOCL parent appeared first on FreightWaves. Sign in to access your portfolio
