The Port of Brisbane has recorded container throughput of over 1 million containers for the first time. |
The Port of Brisbane has recorded an annual container throughput of over 1 million containers for the first time.
Chief executive officer Russell Smith says the result marks 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%," says Smith.
"What makes this milestone all the more impressive is the fact that it's happened despite a difficult economic environment, both domestically and overseas."
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.
"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," says Smith.
"Our other priority is to look at ensuring sustainable port access, and addressing rail limitations to avoid significant congestion problems in the future."