Port of Newcastle diversification bearing fruit


Hunter-region facility sees 3% more ships calling in

Port of Newcastle diversification bearing fruit
Port of Newcastle traffic is up

 

The Port of Newcastle’s bid to spread its service option is showing promise, according to its latest volumes report.

Last year’s figures show wheat exports surging and records tumbling, it notes.

New figures released today reveal that Port of Newcastle’s import/export volume performance of 2020 strengthened in 2021, despite global supply chain challenges and the continuing impacts of the pandemic.

Acting CEO Nick Livesey spruiked the port as facilitating some $37 billion to the national economy last year.

"In 2021, Port of Newcastle handled 2,266 ship movements and 166.1 million tonnes of cargo including coal, dry bulk, bulk liquids, roll-on roll-off cargo, general and project cargoes and containers," Livesey said.

"This represents an increase of 1.6mt of overall trade compared with 2020, with an extra 3 per cent of vessels visiting the port in 2021.

The year’s trade saw records held for almost a quarter of a century tumble across a number of key export commodities.

"Many people don’t realise that the Port handles 25 different cargoes through its deepwater global gateway, only one of which is coal," the port’s acting executive manager business development, Matthew Swan, said.

"We have seen increased demand for diversified trades across the board, including wheat, fertiliser, steel, cement, fuels, project cargo and aluminium".

 "Achieving highest diversified trade volumes recorded since 1997, last year saw fertiliser imports grow 69% year on year in 2021, with over 720,000 tonnes exported through the port.

"After years of long drought impacting supply, wheat exports also surged, up 900 per cent on 2020 with over 3 million tonnes of the commodity travelling through the port."

Global demand for Australian coal dipped slightly, but overall remained resilient and consistent with records of the past five years despite China-imposed trade restrictions, and the record thermal coal spot price.

"Mass tonnes of aluminium exported, predominantly to Korea and Japan, increased to its highest annual export rate in five years, with over 90,000 metric tonnes passing through the Port, valued at $295 million," Swan said.

"Strong demand from NSW infrastructure and construction sectors supported steel trade also reaching its highest import/export levels since the closure of BHP Steelworks over two decades ago."

The latest port trade data for 2021 comes as the port prepares to take significant milestone steps in 2022 on its continued diversification journey.

"With a deepwater shipping channel operating at 50% of its capacity, significant port land available and enviable access to national rail and road infrastructure, in 2022 Port of Newcastle will see a range of projects and initiatives come to fruition that will support the further diversification of our trade," Livesey said.

"We are committed to the continued growth of our region’s critical asset, which includes a more sustainable, and environmentally and socially responsible future.

"Port of Newcastle is working to realise projects now that will drive the diversification of our business and the Hunter Region over the next 50 years and beyond through a three-pronged approach; our Environment Social and Governance Strategy and sustainability initiatives, the Newcastle Multi-Purpose Deepwater Container Terminal development and our Port of Newcastle Green Hydrogen Hub Project in partnership with Macquarie’s Green investment Group and the Australian Renewable Energy Agency."

 

Subscribe to our newsletter

Sign up to receive the ATN e-newsletter, digital magazine and other offers we choose to share with you straight to your inbox

You can also follow our updates by joining our LinkedIn group or liking us on Facebook

 

Trucks For Hire | Forklifts For Hire | Cranes For Hire | Generators For Hire | Transportable Buildings For Hire