Strong year for Gladstone Ports Corporation
GPC’s three ports – Bundaberg, Gladstone and Rockhampton – handled a record 124.8 million tonnes of cargo – 4.6 million tonnes higher than the 2017-18 financial year.
The bulk of that was at Port of Gladstone, which surpassed Hay Point as Queensland’s largest port by handling 124.02 million tonnes of cargo.
Record levels of coal, LNG and a doubling of container trade were behind GPC’s recent success, the organisation said.
GPC acting chief executive officer Craig Walker said vessel movements were up from 1,911 to 1,940 across the three ports last financial year.
“Total revenue for the year was $476.1 million and earnings before interest and tax were $126 million,” he said.
“The Port of Bundaberg recorded a total throughput of 548.2 kilotonne (kt) during 2018-19.
“Sugar and gypsum showed significant growth and contributed to 424.1kt of the total trade throughput, while molasses exports showed an incredible 127 per cent increase in trade since the 2017-18 financial year.
“The Port of Rockhampton recorded 222.2kt of product during 2018-19, with ammonium nitrate remaining the strongest commodity with a total of 167.9kt imported and exported.”
GPC would continue to focus on diversifying trade opportunities at the three port precincts to help stimulate regional job opportunities and trade growth, Mr Walker said.
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