Diversified trade strengthens amid challenging 2022

Diversified trade strengthens amid challenging 2022

Figures released recently reveal diversified trade through the Port of Newcastle remained strong in 2022, despite the impact of multiple flood events associated with a multi-year La Niña.

CEO Craig Carmody said the results are testament to the Port’s resilience during one of the wettest years in recent memory.

“In the first half of 2022 the Hunter experienced five flood events, which had implications across the supply chain,” Craig said.

“Unsurprisingly this contributed to an overall decrease in total import and export trade volumes and ship visits through the Port compared to 2021, handling 145 million tonnes of cargo and recording 4261 vessel movements in 2022”

“Through a collaborative response and making good use of the David Allan dredger, and the Port’s new sweeper vessel Lydia, we were able to help reduce the impacts of the floods and return the channel to its designed depth, sooner and safely.”

Executive Manager of Business Development Matthew Swan said despite the challenges of 2022, the Port continued to see strong trade volumes across a number of key export commodities.

“Meals and grain exports, predominately to China, Japan, and Pakistan recorded a 56 per cent year-on-year increase, buoyed by a rise in the export of sorghum, barley and canola, with 479,000 tonnes shipped through the port in 2022.

“Port of Newcastle continued to support major projects in the region with roll on roll off and project cargo including wind turbine components for the Rye Park Wind Farm, rail wagons for the Sydney Metro project as well as grain and coal haulers, equipment for the Snowy 2.0 Kurri Power Station, and mining equipment for customers in the Hunter Valley.”

The 2022 trade figures come at a time of change for Port of Newcastle as it takes significant steps forward in its diversification.

“2023 will be an important year for the Port and our commitment to building a container terminal in Newcastle,” Craig said.

“Once the valuation process for the Port of Newcastle Extinguishment of Liability Act is complete, we look forward to a future where businesses right across the Hunter, Western and Northern NSW can import and export their product through the Port more efficiently and cost-effectively.”

“We’re also taking further steps to secure jobs and the region’s future prosperity by developing a dedicated Clean Energy Precinct that will see the Hunter become a hub for the development, production and export of green energy like hydrogen.”

IMAGE | Port of Newcastle Mobile Harbour Cranes

Port of Newcastle

Port of Newcastle is a major Australian trade gateway handling 4,600 ship movements and 166 million tonnes of cargo each year. Its annual trade worth more than $29 billion to the New South Wales economy, enabling businesses across the state to successfully compete in international markets.

With a deepwater shipping channel operating at 50% of its capacity, significant port land available and enviable access to national rail and road infrastructure, Port of Newcastle is positioned to further underpin the prosperity of the Hunter, NSW and Australia.

As custodians of the region’s critical asset, Port of Newcastle is diversifying its trade as it strives to create a safe, sustainable and environmentally and socially responsible Port that realises its potential.  

 

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