GPC handles record tonnage
GLADSTONE Ports Corporation (GPC) achieved record throughputs for the last financial year handling in excess of 83.3 million tonnes.
GPC chairman Ian Brusasco said 2009/10 was the second year the port has broken through the 80Mt of trade per annum.
“Coal exports were 60,590,520 tonnes or 72.4% of the port’s total throughput,” Mr Brusasco said.
“Our ports are moving from strength to strength and these figures are an indication of that.”
Coal exports for 2009/10 show an increase of 4.39Mt (7.51%) on the previous year.
Despite this increase in coal revenue, total coal throughput was constrained due to rail restrictions and the global economic downturn in many traditional coal markets.
Coal exports to Asia increased by 4.5Mt due to strong increases in the Chinese and Indian markets. These increases helped offset a decline in exports to the Korean (down 2.6Mt) and Taiwanese (down 1.2Mt) markets. Asian countries accounted for 92.1% of total cost exported, with Japan remaining the number one importer of coal, capturing 37% of coal exports.
European markets recorded a small decrease in imports of coal.
The RG Tanna Coal Terminal has continued to grow in capacity with record coal exports of 55.6Mt through the terminal in 2009/10, representing 66.7% of total port throughput.
Another standout performer was the alumina industry with the total associated tonnes representing 22.4% of total port throughput.
GPC CEO Leo Zussino said that this current financial year the port was already seeing a significant increase in throughputs.
“We’ve looking at another bumper year,” he said.