For the first time ever, container traffic through Port Botany has exceeded two million TEUs in a financial year, according to Sydney Ports Corporation, Cargonews Asia reports. Sydney Ports Corporation chief executive officer Grant Gilfillan said that the high volume of trade in the financial year 2010/11 had been led, not only by increased imports driven by the high Australian dollar, but by significant growth in the export of cereals, machinery and equipment and paper and timber products, reported Australian Associated Press.
In the financial year 2010/11, Sydney Ports recorded its tenth annual container throughput record with total container trade of over 2.020 million TEUs," Gilfillan said.
"It is important to note that while Port Botany's container trade has been buoyed by higher imports due to the surging Australian dollar, a solid trading performance by the state's regional and rural export sector has also contributed to the result. Total full container exports for the 2010/11 financial year saw exports rise by 3.6 per cent over the same period last year reaching over 458,700 TEUs," Gilfillan said.
Total full container imports for the 2010/11 financial year rose by 5.2 per cent reaching over 1,000,450 TEUs.
Gilfillan said 61.1 per cent of total containerised imports through Port Botany had come from East Asia (46.5 per cent) and South East Asia (14.6 per cent).
In the financial year 2010/11, Sydney Ports recorded its tenth annual container throughput record with total container trade of over 2.020 million TEUs," Gilfillan said.
"It is important to note that while Port Botany's container trade has been buoyed by higher imports due to the surging Australian dollar, a solid trading performance by the state's regional and rural export sector has also contributed to the result. Total full container exports for the 2010/11 financial year saw exports rise by 3.6 per cent over the same period last year reaching over 458,700 TEUs," Gilfillan said.
Total full container imports for the 2010/11 financial year rose by 5.2 per cent reaching over 1,000,450 TEUs.
Gilfillan said 61.1 per cent of total containerised imports through Port Botany had come from East Asia (46.5 per cent) and South East Asia (14.6 per cent).