spot_img

Paradip Port Authority crosses...

This is the fastest ever throughput recorded in the port’s history, informed the...

Visakhapatnam Port reports highest...

This record unloading surpasses the previous record set in May of 2024, where...

Thailand explores direct shipping...

Bangladesh’s annual maritime trade with Thailand stands at two billion dollars. In 2015,...

Townships to be developed...

Putting to use the massive chunks of land surrounding major ports the Shipping...
HomeSHIPPING AND PORTSNSW Ports welcomes...

NSW Ports welcomes Federal Court decision on ACCC appeal

The Federal Court has dismissed the Australian Competition and Consumer Commission’s (ACCC) appeal over New South Wales’ ports privatisation process, upholding the 2021 judgement that the Port Commitment Deeds between New South Wales and NSW Ports do not have any anti-competitive or illegal purpose or effect.

Federal Court Justice, Jayne Jagot, said that the Port Commitment Deeds between the state and NSW Ports do not have any anti-competitive or illegal purpose or effect.

NSW Ports CEO, Marika Calfas, has described the decision as a win for economic certainty and prosperity across the state, benefiting consumers, exporters and importers.

“Maintaining the right ports and freight strategy to cater for New South Wales’ growing trade needs is crucial to the state’s economic future,” Ms Calfas said.

“Port Botany and Port Kembla are key economic drivers for New South Wales and the nation, contributing more than $13 billion a year to the state’s economy and supporting 65,000 jobs.”

The court’s decision aligns with the New South Wales Government’s long-term container port strategy that using capacity at Port Botany first, followed by a new container terminal at Port Kembla, best supports the state’s trade needs.

This strategy delivers the most effective use of public infrastructure, while catering for population and economic growth in Sydney’s west and south-west.

Locating container ports near major population centres maximises supply chain efficiencies and minimises freight travel, with 80 per cent of containers arriving in New South Wales travelling less than 40km from Port Botany to reach customers.

Developing a container terminal at the Port of Newcastle, rather than using available container capacity at Port Botany, which is less than half full, would increase supply chain costs for Australian exporters, importers and consumers.

It would also add up to 5,400 truck movements a day to Newcastle’s roads and the M1 Pacific Motorway, worsening congestion and greenhouse gas emissions.

Get notified whenever we post something new!

Continue reading

Paradip Port Authority crosses 50MMT throughput in four months

This is the fastest ever throughput recorded in the port’s history, informed the port authority. In the current fiscal, the coveted mark was achieved 8 days in advance compared to last year and the Port has clocked an incremental...

Visakhapatnam Port reports highest Manganese ore discharge

This record unloading surpasses the previous record set in May of 2024, where 17 vessels discharged 4,37,270 Metric Tonnes of dry bulk cargo at the major port on the east coast of India. The Chairperson of Visakhapatnam Port, M Angamuthu...

Thailand explores direct shipping to Chittagong

Bangladesh’s annual maritime trade with Thailand stands at two billion dollars. In 2015, Bangladesh and Thailand agreed to launch coastal shipping service. In February 2016, a team of 11 people, including the governor of Thailand’s Renong Port, visited Bangladesh....
spot_img