Port of Melbourne caps off record year


Port of Melbourne has capped off a record year in container movements, with trade rising by 7 percent

September 2, 2011

Port of Melbourne has capped off a record year in container movements, with trade rising by 7 percent.

The port handled 2.39 million 20-foot equivalent units (TEUs), which is an average of 6,500 containers a day.

The total trade is up by 5.8 percent to 79.7 million revenue tonnes. New motor vehicles fell by 4.7 percent to 358,000 units.

The port pulled in a net profit of $39 million, up $11.5 million over the previous year. It has invested $26 million in capital projects.

Victorian Minister for Ports Denis Napthine says the figures, detailed in the Port of Melbourne of Melbourne Corporation (PoMC) annual report, represents a boost for the Victorian economy and supports thousands of jobs.

"The PoMC has reported a record-braking year which also saw total trade rise by 5.8 percent to 79.7 million revenue tonnes," Napthine says.

"The number of ships visiting the port also increased with more than 3,300 ships docking at Melbourne during the last financial year.

"The report also shows that overseas exports increased 11 percent to 23.5 million revenue tonnes while overseas imports increased 4.9 percent to 33.6 million revenue tonnes."

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