Jan 19, 2018

Mining and solar projects boost port trade

Mining and solar projects boost port trade

Port of Townsville Limited (POTL) has reported solid trade results for the six months to December 30.

The combined tonnage through the ports of Townsville and Lucinda is up 6 per cent on the same time last year, with strong performances in the commodities of sugar, mineral concentrates, bitumen, cattle, motor vehicles and general cargo.

Highlights include:

  • 93,000 head of cattle have been exported from Townsville; up 17 per cent on the same time last year
  • Mineral concentrate exports up 14 per cent on the same time last year.
  • A 68 per cent increase in the container trade with more than 43,000 boxes moving through Port of Townsville
  • More than 8000 motor vehicles imported; a 34 per cent increase on the same time last year

POTL acting general manager business development Maria James said that the port was on track to exceed its trade projections for the 2017/18 financial year.

“POTL’s projection this year was for about eight million tonnes of trade to be moved through our two ports, and the half yearly results show we are on track to reach that figure,” said Ms James.

“The port’s berths have been increasingly busy with a total of 321 vessel arrivals, up 7 per cent on the same time last year.

“The mining sector appears to be recovering after several years of flat performance which is reflected in export tonnage figures. The import of mining consumables has also been strong so far this financial year.

“The construction of several solar farms in our region has continued the record-breaking trade figures of containers moving through the Port of Townsville which we expect will continue into 2019.”

Ms James said also 16 Defence ships had used Berth 10 in the past six months and demand was expected to continue to ramp up with the impending Australia-Singapore Military Training Initiative.

“The completion of the $40.7 million upgrade to Berth 4 next month and the start of the $193 million Channel Capacity Upgrade to widen the channel will ensure that our port can cope with the forecast trebling of trade volumes over the next 20 years,” she said.


Recent Stories

Subscribe to IQ Now