Strong Trade Sign of Positive Things to Come

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Ship on way into harbour

Strong year to date trade figures for the port of Port Kembla suggest that the 09/10 financial year will break more than one record for the port. Year to date trade figures show trade is up almost 20% over the same period last year.

Minister for Ports, Waterways and the Illawarra, Paul McLeay said in the ten months from July 2009 - April 2010, the port has recorded 26.1 million (revenue) tonnes in throughput.

It is expected that trade in the month of May will see the port exceed last years total throughput of 26.4 million tonnes."With two months remaining in this financial year, Port Kembla is on track to beat it's all time record of 27.3 million tonnes achieved in 2007/2008," Mr McLeay said.

Year-to-date throughput:

July 2008 - April 2009 = 21.8 million tonnes
July 2009 - April 2010 = 26.1 million tonnes

The port is also on track to break the previous record for the number of ships using the port. "For the period July 2009 to April 2010, 843 ships have visited the port. This is 133 more than the same period last year," Mr McLeay said.

Year-to-date ship visits:

July 2008 - April 2009 = 710?
July 2009 - April 2010 = 843

The total number of ship visits recorded for 2008/2009 was 862?the record for the port which currently still stands.

Member for Wollongong, Noreen Hay noted the strong results given the recent global economic conditions. "The decision to diversify trade through Port Kembla, and relocate motor vehicle imports, provided a buffer from negative movements in a single commodity," Ms Hay said.

"While Coal and Coke exports still account for a large percentage of trade through the port, the transformation of the ports Inner Harbour has allowed a range of new cargos to be handled." "This decision certainly contributes to these strong results, which in turn benefits not just the port but the wider community," Ms Hay said.

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