Industry Analysis & Industry Trends
The industry's port operations vary, from general cargo and container ports located near major population centres to remote bulk commodity operations near mining sites. The industry depends on international trade, with merchandise imports and bulk commodity exports key drivers of industry activity. As more cargo has moved through Australia's ports in the past five years, operators have invested in expanding port facilities and found themselves in a position to raise rates to fund these expansions. The industry is expected to grow robustly over the five years through 20145 at a compound annual rate of 9.4%. In 2014-15, industry revenue is forecast to increase by 5.0% to $3.5 billion... purchase to read more
Industry Report - Industry Investment Chapter
Port operators are forecast to spend approximately $1.18 on capital for every dollar spent on labour during 2014-15. The high level of capital intensity comes from the significant capital costs associated with constructing and maintaining wharves.
The amount of capital investment in the industry is stable in most years and follows revenue growth. Over the past five years, capital investment has risen – especially at bulk export ports. This has been due to demand from miners and petroleum producers. The most notable expansions have occurred at Port Hedland in Western Australia and Port Gladstone in Queensland. The level of capital intensity has also risen due to a falling share of revenue being spent on labour... purchase to read more