Newcastle Port Corporation

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Newcastle Port Corporation
Type Government-owned corporation
Industry Seaport management
Founded 1996 (1996)
Headquarters Newcastle, Australia
Key people Nicholas Whitlam (Chairman)
Grant Gilfillan (CEO)
Revenue A$97.24m[1]
Net income A$22.84m[1]
Total assets A$502.18m[1]
Owner(s) Treasurer of New South Wales - 1 share
Minister for Finance and Services - 1 share
Employees 142[1]
Parent New South Wales Government
Website www.newportcorp.com.au

Newcastle Port Corporation, a corporation owned by the Government of New South Wales, is responsible for the management, development and operation of seaport facilities within the Port of Newcastle, New South Wales, Australia.

Newcastle Port Corporation was established in 1996 pursuant to the State Owned Corporations Act, 1989 (NSW) and the Ports and Maritime Administration Act, 1995 (NSW).

According to Newcastle Port Corporation, the Port of Newcastle is Australia's first commercial export port; with coal first exported from the harbour in 1799, eleven years after the start of European settlement in Australia. During 2012/13, exports of coal from the port exceeded 142.6 million tonnes, at an estimated value of A$15.25;billion.[1]

The corporation[edit]

The Port of Newcastle is core to the city's economy and a vital part of Australia's coal industry. As at 30 June 2013, Newcastle Port Corporation employed 142 people. Under its enabling legislation, the statutory objectives of the corporation are:[1]

  • to be a successful business and, to this end: to operate at least as efficiently as any comparable businesses; to maximise the net worth of the State's investment in the Port Corporation; and to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate these when able to do.
  • to promote and facilitate trade through its port facilities
  • to promote and facilitate a competitive commercial environment in port operations
  • to improve productivity and efficiency in its ports and the port-related supply chain
  • to ensure that its port safety functions are carried out properly
  • where its activities affect the environment, to conduct its operations in compliance with the principles of ecologically sustainable development contained in s6(2) of the Protection of the Environment Administration Act 1991.
  • to exhibit a sense of responsibility towards regional development and decentralisation in the way in which it operates

Equity in the corporation is held jointly by the Treasurer of New South Wales and the Minister for Finance and Services, who hold their shareholding in trust on behalf of the NSW Government.[1]

Facilities under management[edit]

The corporations manages four spatial precincts within the seaport, each with a specific trade focus:[2]

  • Carrington precinct: General cargo, dry bulk, bulk liquids, project cargo and maritime
  • Mayfield precinct: General cargo, bulk liquids, project cargo and dry bulk
  • Kooragang Island precinct: Coal
  • Walsh Point precinct: Dry bulk and bulk liquids

The Port of Newcastle welcomes more than 2,200 ships a year.[1]

The Port of Newcastle is one of the world’s leading coal export ports with long term contracts underpinning exports to the Asian market. The two coal terminal operators, Port Waratah Coal Services (PWCS) and Newcastle Coal Infrastructure Group (NCIG), work under the Hunter Coal Export Framework to export coal while also ensuring future terminal capacity for producers.

In 2012/13, trade through the port totalled 148.87 million tonnes, with a value of more than A$19 billion. The Port of Newcastle is the world's largest coal export port by volume, with 142.64 million tonnes being shipped in 2012/13.

In the 2012/13 financial year, revenue from port operations was A$97.24 million with operating surplus being A$22.84 million.

See also[edit]

References[edit]

  1. ^ a b c d e f g h "Annual Report 2012/2013" (PDF). Newcastle Port Corporation. September 2013. Retrieved September 2013. 
  2. ^ "Draft Strategic Development Plan for the Port of Newcastle" (PDF). Newcastle Port Corporation. February 2013. Retrieved 23 March 2013. 

External links[edit]