Harman Patil (Editor)

Newcastle Port Corporation

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Industry
  
Seaport management

Headquarters
  
Newcastle, Australia

Founded
  
1996

Net income
  
22.84 million AUD

Website
  
www.newportcorp.com.au

Revenue
  
97.24 million AUD

Number of employees
  
142

Total assets
  
502.2 million AUD

Newcastle Port Corporation httpsuploadwikimediaorgwikipediacommonsthu

Type
  
Government-owned corporation

Key people
  
Nicholas Whitlam (Chairman) Grant Gilfillan (CEO)

Owner
  
Treasurer of New South Wales - 1 share Minister for Finance and Services - 1 share

Parent organization
  
Government of New South Wales

David allan ship enters newcastle port newcastle port corporation


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.

Contents

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.

The corporation

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:

  • 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.

    Facilities under management

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

  • 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.

    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.

    References

    Newcastle Port Corporation Wikipedia
    (Text) CC BY-SA