GeelongPort is in a good position as it continues to invest in projects to support future economic growth and recovery, despite seeing a decrease in trade due to the wider impact of coronavirus (COVID-19) on the economy.
The past financial year has seen a reduction in trade with GeelongPort managing a total of 11,522,858 tonnes over that period compared to 12,025,549 tonnes the previous year.
GeelongPort CEO, Brett Winter said, “The current economic conditions continue to have an impact on consumer demand for some of our most significant trades, but we remain steadfast in our pursuit of growth opportunities for the G21 region.
“Over the past year we saw a 35 per cent decrease in woodchip cargo and an eight per cent decrease in liquid bulk cargo.
“The recent April to June quarter saw 29 per cent less fuel coming through the port, compared to the same period last year. This was largely due to a reduction in demand due to people not travelling.
“General cargo has increased by 28 per cent supporting the wind farm projects in regional Victoria. And fertiliser trade has increased by 22 percent due to what is expected to be a bumper harvest season.”
As Victoria’s second-largest port, GeelongPort provides land, infrastructure and services to facilitate trade for some of Victoria’s largest industrial businesses.
“It has been a challenging end to the financial year as we have been navigating our way through the impacts of COVID-19 and keeping our teams safe, while still focusing on delivering some major projects that will support the region’s recovery response.” said Mr Winter
GeelongPort is investing in projects that will be of regional significance, not only providing investment and jobs in the short-term but also supporting sustained future growth and economic recovery. These projects include:
Spirit of Tasmania moving to Geelong in 2022
GeelongPort has partnered with Spirit of Tasmania (operated by TT-Line) to relocate its Victorian port operations from Station Pier in Melbourne to Corio Quay in Geelong.
Currently in the planning phase it is expected the new facility will be operational in 2022.
The GeelongPort project will create up to 75 new jobs during construction, and support future tourism and economic growth opportunities vital to the Geelong region’s COVID-19 economic recovery. Further information on this exciting project will be available in the coming months.
LNG Import Terminal supporting a diversifying energy sector
GeelongPort is working with the industry to build an LNG import terminal to further complement the extensive energy infrastructure already existing in the port.
With GeelongPort close to infrastructure, such as the South West Gas pipeline, it is clearly the best location for the next phase of energy infrastructure investment for Victoria. An LNG facility in Geelong is expected to deliver the most cost-effective solution in response to Victoria’s gas and energy supply challenges. It will also serve as an important injection into local jobs and the economy.
LNG is a fuel source used in shipping, road and rail freight. It supports future growth opportunities as businesses transition towards cleaner energy sources.
Brett Winter said that “We must leave no stone unturned in our pursuit of economic recovery post COVID-19 and the LNG project is an essential opportunity for the Geelong region and Victoria.”
Wind energy supporting the shift to renewable energy
Working with global operators that specialise in renewable energy projects, GeelongPort handles large-scale wind farm projects through the port, being gateway to regional Victoria.
Wind energy has become an increasingly vital part of Victoria’s electricity supply, and GeelongPort has an integral role in the development of various wind farms across regional Victoria.
For further information on our trade go to https://geelongport.com.au/port-operations/trade-statistics/