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Financial Performance

Port of Townsville Limited delivered a strong net profit of $15.01 million during 2017-18. 

Port of Townsville Limited’s (POTL)’s delivered strong financial results while continuing to deliver major infrastructure investments, with a focus on revenue diversification and cost management.

Overall trade volume was 7.3 million tonnes, with several sectors increasing trade volumes on the previous year.  Townsville Port remains the biggest exporter of sugar, zinc, copper, lead and fertiliser in Australia, and the largest container and automotive port in Northern Australia.

A historical record for container trade was set, with 75,827 TEUs handled (47% increase) largely powered by renewable energy imports.  Motor vehicle imports also hit a record high at 17,659 units (20% increase).  Liquid bulk trades increased 3%, while dry bulk trades decreased 5% on previous year.

New agricultural trades made their way to markets, including the first live cattle exports from Northern Australia to China and new refrigerated exports (including mangoes to Hong Kong, South Korea and China).  New and expanded shipping routes were introduced, making the region even more accessible to global markets.

Townsville Port had a record cruise shipping year, receiving 12 ships with around 13,000 passengers and crew.  

Significant milestones were achieved for major infrastructure projects including:

  • $40.7 million Berth 4 upgrade was completed and opened to shipping.
  • $193 million Channel Capacity Upgrade Project received $75 million from the Queensland Government and $43 million from the Port. [The Federal Government committed $75 million in September 2018].
  • The $1.6 billion Port Expansion Project received the green light, with the Additional Environmental Impact Statement (AEIS) approved by both the Queensland and Federal Governments.
  • Two catalyst Harbour City Projects within the Townsville Waterfront Priority Development (PDA) took significant steps forward, including The Strand Ferry Terminal (Market Led Proposal) and the Marine Science Precinct (Expression of Interest Process).

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Business profile
The Port of Townsville Limited delivers excpetional seaport services at the trading ports of Townsville and Lucinda and is Queensland’s leading exporter of metals, sugar, fertiliser, and molasses.

Trade statistics
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Investors

Located 1,360 kilometres north of Brisbane, The Port of Townsville is a world-class gateway for trade and investment.