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

People & Company News

PSA Starts Expansion Work on 2m teu Panama Terminal

Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

E-Procurement Streamlined via the Cloud

Marine Procurement Solutions (MPS) has built an electronic platform that aims to enhance the purchasing cycle for the maritime industry. MPS provides software,

Ports

PSA Starts Expansion Work on 2m teu Panama Terminal

Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.

Hung Hom Dredging Kicks Off

Marine works involving dredging operations will be carried out near the Hong Kong Coliseum, Hung Hom for the next ten months, according to mardep.gov.hk.   The

Bollore Consortium Misses out on Cameroon's Kribi Port Shortlist

A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi,

Finance

Scorpio Bulkers Sells Three Vessels

Scorpio Bulkers has agreed to sell two new capesize bulk carriers and an ultramax for a combined $111m to an unknown buyer.   The two capes are currently under

Hung Hom Dredging Kicks Off

Marine works involving dredging operations will be carried out near the Hong Kong Coliseum, Hung Hom for the next ten months, according to mardep.gov.hk.   The

US Designates Three Marine Highway Projects

U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects.   The Mississippi and Illinois Rivers, previously designated as the M-55 and M-35,

Logistics

PSA Starts Expansion Work on 2m teu Panama Terminal

Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.

Scorpio Bulkers Sells Three Vessels

Scorpio Bulkers has agreed to sell two new capesize bulk carriers and an ultramax for a combined $111m to an unknown buyer.   The two capes are currently under

Bollore Consortium Misses out on Cameroon's Kribi Port Shortlist

A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi,

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.3569 sec (3 req/sec)