Port leads the charge in growth

Posted October 13, 2015

port

The Port of Gladstone is enjoying a growth spurt. Photo: Murray Ware

Trade through the Port of Gladstone is projected to grow to nearly 145 million tonnes handled within five years, representing growth of nearly 50 per cent atop 2014/15’s record throughput.

Gladstone Ports Corporation said the throughput last financial year of more than 100 million tonnes represented about $14 billion in value, a significant leap since the late 1990s when the port was handling about 60Mtpa with a value of $3 billion.

It’s the sort of information participants to this week’s Gladstone Engineering Alliance major industry conference will be looking for.  The conference is on Wednesday and Thursday. To register or for more detail visit www.gea.asn.au.

GPC chief executive officer Craig Doyle said this dramatic growth was set to continue with the commencement of 25Mtpa of LNG production capability and with additional coal exports through the new Wiggins Island Coal Export Terminal.

“The Port of Gladstone is on track to be Australia’s largest multi-cargo port by the end of the decade,” he said.

Mr Doyle will be speaking at the GEA Major Industry Conference at the Gladstone Entertainment and Convention Centre in October about GPC’s recent performance and major projects such as the potential Gatcombe and Golding Cutting channels duplication works.

“I will also discuss what I see as the major challenges for GPC over the coming 12 months, as well as new trade and opportunities for our ports of Gladstone, Bundaberg and Port Alma, and the major strengths of GPC’s assets and services,” he said.

From August 2016, GPC will cease coal operations at its Barney Point Terminal, shifting all coal trade to RG Tanna and Wiggins Island coal terminals.

The closure of coal operations at the terminal is in line with GPC’s 50 Year Strategic Plan, and will enable operations at Barney Point to focus on other dry bulk and possible new trade opportunities.

Mr Doyle said GPC continued to look at ways to diversify product and customer base across its three ports.

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