PORT OF BRISBANE RECORDS 1 MILLION CONTAINERS
Thursday, June 27, 2013
Port of Brisbane records 1 million containers The Port of Brisbane has recorded container throughput of over 1 million containers for the first time. Port of Brisbane Pty Ltd (PBPL) Chief Executive Officer, Russell Smith, said the result marked a significant milestone in the port's history. "This caps off a decade of solid growth in container trade for the Port of Brisbane, with a compound annual growth rate of 8%," Mr Smith said. "What makes this milestone all the more impressive is the fact that it's happened despite a difficult economic environment both domestically and overseas. "It demonstrates the extremely robust nature of the Port of Brisbane due to our diverse trade base, strategic location and significant land base. "This is something we continue to successfully leverage in order to drive new and increased trade through the port." The record result was driven by a strong increase in imports including household items, boosted by the strong Australian dollar. Exports also increased, with cotton and meat the standouts thanks to good growing conditions and continued demand from Asian customers for high-quality Australian products. "We're predicting continued growth in containers over the next decade, and our focus will be on working with the supply and logistics chain to ensure Brisbane is positioned to accommodate this growth," Mr Smith said.
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