Port of Melbourne's Mixed Fortunes in 2012-2013

MarineLink.com
Monday, September 30, 2013
Photo courtesy of PoMC

The Australian Port of Melbourne (PoMC) showed a strong balance sheet as it advances the Port Capacity Project and other port infrastructure, Minister for Ports David Hodgett announced before the State of Vicoria Parliament.

Finance & trade summary 2012-13

  • $65.9 million operating profit after tax
  • $56.8 million capital expenditure, including work on the Port Capacity Project
  • Total trade of 85.6 million revenue tonnes (down 1.6 per cent)
  • Total container throughput of 2.51 million TEU (down 2.6 per cent) 370,527 new motor vehicles handled (up 3.6 per cent)
  • Total dry bulk trade of 4.4 million revenue tonnes (up 4.4 per cent) Total liquid bulk trade of 6.5 million revenue tonnes (up 2.6 per cent)

PoMC recorded an overall profit after tax of $65.9 million for 2012-13 against the background of a small decline in overall trade of 1.6 per cent on the previous year.

Detailing the full year trade results, Mr Hodgett explained that while total container volumes declined marginally from last year’s record peaks, new motor vehicles, dry bulk and liquid trades all recorded solid growth.

“After growth in container throughput approached 8 per cent in 2011-12, the Port of Melbourne handled a total of 2.51 million twenty-foot equivalent units (TEUs) in the year to 30 June 2013, representing a modest decrease of 2.6 per cent,” Mr Hodgett said.

“While container import volumes fell in soft retail conditions, full overseas export containers recorded an increase of 0.6 per cent despite the high Australian dollar.”

The Port of Melbourne also retained its leadership position as the premier automotive terminal in Australia handling over 370,000 units in 2012-13, up 3.6 per cent on the previous year.

“PoMC has backed up a strong financial and trade result with capital expenditure totalling $56.8 million including work on the Port Capacity Project, extensive wharf rehabilitation at Appleton Dock, together with a major redevelopment of the Port Operations Control Centre,” Mr Hodgett said.

There were 55 cruise ship visits during 2012-13, bringing around 180,000 passengers and crew to Station Pier which is now busier than at any time in its history in terms of visitor numbers.
Around 70 cruise ship visits are currently scheduled to call at Station Pier for the 2013-14 season which will begin next month.

 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

British Queen to Name New Ship

Queen Elizabeth II will christen P&O Cruises’ new flagship Britannia in Southampton, England, on March 10. She will be accompanied by her husband, Prince Philip, the Duke of Edinburgh.

Zamakona Yards' Commitment to Well-being

Recently employees of Zamakona Yards participated in a training course for maintaining Health, Safety and Environment (HSE). The theoretical practice focused on working at heights,

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Ports

Container Ship Runs Aground at Fremantle Port

A ship that ran aground at Fremantle Port early Saturday has been refloated. The 62,000-tonne Denmark-registered container ship Maersk Garonne became stuck in soft sand about 500m off South Mole.

Chassis Pools for Port of Long Beach

Three companies that own the vast majority of chassis serving the San Pedro Bay ports are on track to activate a “gray chassis fleet” of truck-trailers on March 1,

More Floating Accommodation for Lerwick

An accommodation ship, the SNAV Toscana is due at Lerwick on or around 6 March 2015 to supplement the floating accommodation at the port. Formerly operated as an Italian ferry,

Finance

Jinhui Shipping Plummets to Loss

Norway listed dry bulk shipper Jinhui Shipping said the tough market that owners faced last year will become tougher in 2015.   Dry bulk shipping market Environment

Berenberg in $1.1bln Box Bid

The world's second-oldest bank Joh. Berenberg Gossler & Co. KG is lining up a new fund worth EUR 1bn ($1.1bn) for the containership sector.   A report appeared

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Logistics

Great Lakes Shipping Worries about Tough Spring

Ice conditions have been causing concern for Great Lakes shipping industry. The satellite images show that the Great Lakes once again almost entirely covered in ice.

Jinhui Shipping Plummets to Loss

Norway listed dry bulk shipper Jinhui Shipping said the tough market that owners faced last year will become tougher in 2015.   Dry bulk shipping market Environment

Berenberg in $1.1bln Box Bid

The world's second-oldest bank Joh. Berenberg Gossler & Co. KG is lining up a new fund worth EUR 1bn ($1.1bn) for the containership sector.   A report appeared

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1702 sec (6 req/sec)