This achievement marks a significant milestone in the port’s history and caps off a decade of solid growth in the container trade. 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 even more impressive is the fact that it’s happened despite a difficult economic environment both domestically and overseas since 2008. It demonstrates the extremely robust nature of the Port of Brisbane due to our diverse trade base, strategic location and significant land base. These competitive strengths are aspects we will 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.
Saturday, January 11, 2025
