Dublin Port Company is a State-owned commercial company responsible for operating and developing Dublin Port. It is the freight and passenger port in Ireland with all cargo handling activities being carried out by private sector companies operating in intensely competitive markets within the Port. It is one of five major ports classified as Tier 1/Tier 2 ports in the National Port Policy and categorized as core / comprehensive ports in the EU’s TEN-T network. Dublin Port’s large share of national port volumes, particularly in the Ro-Ro and Lo-Lo modes, arises due to a combination of two factors, location and depth of water. Dublin Port handles almost 50% of all trade in the Republic of Ireland & is located in the heart of Dublin City.