Logistics News, Port News

Port of Melbourne calls for submissions in port enhancement program

The Port of Melbourne wants the shipping and logistics industry to get involved with its latest capacity enhancement program

The Port of Melbourne, alongside the Freight & Trade Alliance (FTA) and the Australian Peak Shippers Association (APSA), have called for industry to get involved in the port’s Port Capacity Enhancement Program (PCEP).

The PCEP is a large-scale infrastructure project that involves developing a Webb Dock North container terminal and securing the long-term future for the Tasmanian trades. As part of the Port of Melbourne (PoM)’s stewardship obligations, PoM is required to ensure that port capacity can meet the future demands of Victoria’s growing economy.

PoM began a process in September 2022 to collect feedback on the reasonableness of assumptions presented in three technical reports: Port Capacity, Ship Fleet and Trade Demand. When finalised, these reports will inform the PCEP Cost Benefit Analysis (CBA).

Since September 2022, a robust engagement program has captured feedback from stakeholders which has been used to continually refine these reports.

In addition, in May 2023, PoM worked with subject matter experts Deloitte to produce a new Trade Demand forecast to ensure consistency with other regulatory processes PoM operates under. This data and the Q2 2023 Vessel Order Book have been used to inform an updated version of the Ship Fleet Forecast.

PoM is seeking feedback on updated reports which are now available on their website for review:

  1. 1.Port of Melbourne Future Containership Fleet Analysis, 2023-2050, GHD (July 2023)
  2. Trade Forecasts, Port of Melbourne, Deloitte (June 2023)

A summary of the key changes to each report is provided below:

Trade Demand:

  • Change in methodology used to determine Trade Demand to ensure consistency with that used in the 2023 Tariff Compliance Statement process.

Slight reduction in forecast growth to 2050 relative to previous Trade Demand Forecast.

Ship Fleet:

  • Includes the Deloitte Trade Demand Forecast (July 2023) as a key input.
  • Includes the most up-to-date ship build data from the Q2 2023 Vessel Order Book.
  • Provides greater post-Covid context due to some small services ceasing operations and reduced disruptions. 
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