Port Kembla forecasts trade boom in 2010


Port Kembla prepares for busy year, as trade levels continue to rise on the back of a recovering economy

January 20, 2010

Port Kembla in New South Wales is readying itself for a big year, as trade levels continue to rise on the back of a recovering economy.

Ports and Waterways Minister Paul McLeay says there were 178 ship movements in December last year, while the port reached a record week this month with 64 movements.

There were 513 vessels visiting the port to the end of 2009 – 90 more vessels than the corresponding time last year.

"In general terms the outlook for Port Kembla for 2010 is positive, with expectations of an overall improvement in international trade consistent with the recovery in the Australian economy and the gradual improvement in international trade," McLeay says.

"All indicators show that the outcome of this financial year will be stronger than last (financial) year."

With throughput increasing to 15.66 million revenue tonnes last year, McLeay says diversification away from traditional bulk trades such as coal, grain and steel products has played a significant role.

Port Kembla CEO Dom Figliomeni says the port is forecasting an improvement on last year’s trade levels, which were buffeted by the global financial downturn.

Meanwhile, McLeay says the Port of Newcastle’s new $25 million Mayfield Berth is a boon for port’s trade capacity.

"Mayfield…greatly expands the capability of the port to handle a variety of cargo as it is strategically located and accessible by road and future rail connection," he says.

The 265-metre long berth spans a large area on 90 hectares of land and has facilities to accommodate cargo handling, storage and an assembly area.

Hunter MP Jodi McKay says the site will benefit families and workers in the region by providing economic growth.

"Future developments at the Port of Newcastle will allow the Hunter to continue to lead economic growth in NSW," McKay says.

"These developments will also allow the port to continue to provide the community and our international trading partners with first class services."


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