Australia Shipping Industry SWOT Analysis - Continued Australia has signed its largest ever trade deal to export liquefied natural gas to Japan from its Wheatstone reserves. The proposed facility at Webb Dock at the port of Melbourne is expected to be able to handle the same number of containers as that of Swanson Dock once expansion work has been completed by late ----. The Australian government has launched its first National Ports Strategy in a bid to tackle rising congestion at the nation s ports. The capital dredging programme at the Abbot Point coal port in Queensland has been cleared and has been described as a significant milestone towards the development of GVK Hancock s Terminal - port facilities . Australia s Port Hedland Port Authority (PHPA) was reported to be mulling proposals to add additional capacity for iron ore miners in March ----. ...The free trade agreement between Australia and South Korea is set to benefit both countries with the former s shipping sector well poised to benefit. With a -.- tariff on cars and auto parts lifted, demand could grow if the cost savings are passed on to customers.
...< ALACRA META ABSTRACT>We have barely altered last quarter s forecast for Australia s shipping industry, with just minor alterations to the Port of Sydney s tonnage throughput projections. In terms of the wider economy, BMI forecasts Australia s real GDP growth to average -.- per annum over the next decade, down from -.- over the past decade, as the combined headwinds of slowing population growth, greater government spending, declining terms of trade and heightened deflations risks weigh on economic activity. ...< ALACRA META ABSTRACT>We have barely altered last quarter s forecast for Australia s shipping industry, with just minor alterations to the Port of Sydney s tonnage throughput projections. In terms of the wider economy, BMI forecasts Australia s real GDP growth to average -.- per annum over the next decade, down from -.- over the past decade, as the combined headwinds of slowing population growth, greater government spending, declining terms of trade and heightened deflations risks weigh on economic activity. With this in mind, Australia s shipping industry will not see huge strides in terms of year-on-year (y-o-y) growth, but it will nonetheless enjoy modest gains over the medium term. The port of Fremantle leading the way in terms of both y-o-y tonnage growth (-.-- ) and box throughput growth (-.-- ) in Australia in ----. Meanwhile, the port of Melbourne will see muted growth after two years of stagnation while the port of Sydney will see accelerating tonnage throughput growth and slowing box throughput growth.
...Terminal (VICT) has awarded a contract worth nearly EUR--mn (USD--.-mn) to Finland-based port equipment specialist Cargotec s subsidiary Kalmar, according to a press release. ...
