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Container trade through the Port of Melbourne has recovered, according to data for December 2009, recording a 6.6 percent increase on the same month in 2008. The port handled almost 195,000 containers over the entire month. “We are always cautious about drawing conclusions on trends from one month’s trade results but the signs are very [...]
...read moreAlbany Port, in Western Australia, has suffered a drop in trade due to the failure of two large agribusinesses in the area. Port CEO Brad Williamson says the collapse of Timbercorp and Great Southern, which both went into administration last year with close to $1 billion in debts, caused trade to fall by more than [...]
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Port Hedland was closed down early yesterday morning due to potentially rough seas associated with category-four Cyclone Laurence, the port authority said. Port Hedland Harbour Master Lindsay Copeman said while the storm was not forecast to come close to the port, the decision had been taken to close the port as a precaution. All ships [...]
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Dampier Port in Western Australia’s Pilbara region has recorded a net profit of almost $2.7 million in the 2008/09 financial year despite adverse global economic pressures, according to the Dampier Port Authority’s annual report. Trade tonnage through the Dampier Port increased by five percent in the period, making Dampier the world’s second largest bulk export [...]
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Canadian investors Brookfield Asset Management group has bought a 49.9 percent stake in Queensland’s largest coal export terminal at Dalrymple Bay, in a deal reportedly worth $1.5 billion. Operator Babcock & Brown Infrastructure (BBI) had previously announced it would sell some assets to address debt. The funds will also give Brookfield BBI’s PD Ports operation [...]
...read moreData released by the Port of Melbourne reveal that while there has been a 4.4 percent decline in container trade through the port, business has begun to lift since the new financial year began. According to port CEO Stephen Bradford, trade has grown in the last two months. Of note was strong performances from the [...]
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