THE Port of Melbourne's net profit for 2012-2013 amounted to A$65.9 million (US$62.1 million) in spite of a 1.6 per cent decrease in overall trade volumes compared with 2011-2012.
Melbourne volume falls 2.6pc to 2.5 million TEU in first six months
THE Port of Melbourne's net profit for 2012-2013 amounted to A$65.9 million (US$62.1 million) in spite of a 1.6 per cent decrease in overall trade volumes compared with 2011-2012.
Victoria state Ports Minister David Hodgett reported that total container volumes fell slightly from "record peaks" in 2011-2012, but there was growth in motor vehicles as well as in dry and liquid bulk throughput.
"After growth in container throughput approached eight per cent in 2011-2012, the Port of Melbourne handled a total of 2.5 million TEU in the year to June 30, 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," he said.
Melbourne also handled 370,000 motor vehicles and equipment units in 2012-2013, a rise of 3.6 per cent year-on-year.
"PoMC has backed up a strong financial and trade result with capital expenditure totalling A$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.