SPC eyes 2 million mark as container trade grows

Container throughput at Port Botany is tipped to hit 2 million teu a year

June 29, 2011

Container throughput at Port Botany is tipped to hit 2 million teu a year in the wake of new figures showing strong growth in import trade.

The latest trade figures from the Sydney Ports Corporation show growth for May was led by machinery and transport equipment.

"As the financial year draws to a close, Port Botany remains on track to register its 10th consecutive annual growth record," Sydney Ports CEO Grant Gilfillan says.

"Total container trade through Port Botany reached 1.855 million teu for the financial year to date (1 July 2010 to 31 May 2011), representing an increase of 5.7 percent on the same period last year.

"These figures also confirm that on an annualised basis, Port Botany’s container trade volumes will hit the 2 million teu mark for the first time ever."

Full containerised imports for May 2011 reached over 80,640 teu, 9.7 per cent higher than May 2010.

The key import commodities for the month were: machinery and transport equipment, which includes white goods, televisions and non electrical machinery; and miscellaneous manufactures, which includes a vast array of consumer products from musical instruments to toys and buttons.

Stronger import volumes of chemicals and paper products were also registered.

Sydney Ports Corporation says the primary drivers of growth in full containerised exports were chemicals, which includes plastic materials and resins, and machinery and transport equipment, which includes electrical and non-electrical machinery such as generators.

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