What’s happening?
The Port of Townsville has been recognised as Australia’s Port of the Year for 2024 at the DCN Australian Shipping and Maritime Industry Awards in Melbourne.
The accolade celebrates the Port’s significant achievements, including its expansion efforts, sustainability initiatives, and its critical role in supporting North Queensland’s economy.
Why it Matters?
This recognition underscores the Port’s importance as a driver of economic growth and innovation in the region.
It highlights their $1.6 billion expansion plan, commitment to sustainability, and readiness to meet future industry demands.
Port of Townsville CEO Ranee Crosby said the award was a proud moment for the Port, emphasising: “This wonderful achievement reflects the dedication, hard work and passion of our Port staff and customers who work proudly and tirelessly to service our region.”
Local Impact
The Port plays a critical role in the economic development of North Queensland, supporting industries like critical minerals, renewable energy, advanced manufacturing, and mining.
With a record cruise season ahead and increased motor vehicle imports, its operations provide significant benefits to local businesses and communities.
Ms Crosby highlighted the broader implications, stating: “North Queensland is poised for an era of transformative growth in critical minerals, renewable energy, advanced manufacturing and mining. The Port stands ready to meet the rising demand for advanced port infrastructure to support a new frontier for economic development in our region.”
By the Numbers:
- $12 billion: The value of commodities handled by the Port in the last financial year, demonstrating its substantial economic role.
- $1.6 billion: Total investment planned for the Port’s expansion, including the $251 million Channel Upgrade project, the largest infrastructure project in its 160-year history.
- 160 years: The milestone year of the Port’s operation, marking its legacy of serving the region and looking forward to future growth.
Zoom In
The Port’s $251 million Channel Upgrade project, nearing completion, is a historic development aimed at increasing capacity and efficiency.
Judges at the awards noted: “Their impressive $1.6 billion expansion plan, highlighted by a historic $251 million Channel Upgrade project, showcases their commitment to increasing capacity and efficiency. Moreover, their dedication to growth and sustainability, evident in the installation of solar panels and the development of renewable energy initiatives, positions them as forward-thinking leaders in the industry.”
Zoom Out
This recognition places the Port of Townsville among Australia’s top ports, cementing its leadership in the maritime industry.
Its ambitious plans to triple trade over the coming decades align with North Queensland’s aspirations for transformative growth in critical industries.
What to Look For Next?
The Port will continue to play a key role in North Queensland’s economic future, with its expanded infrastructure and sustainability initiatives paving the way for increased trade and development in sectors like critical minerals and advanced manufacturing.
Judges lauded the Port’s forward-thinking approach, remarking: “With a record cruise season ahead and significant growth in motor vehicle imports, the Port of Townsville is undoubtedly driving economic growth in North Queensland while embracing a sustainable future.”
The finalists for the 2024 Australian Port or Terminal of the Year included Barry Beach Marine Terminal, Port of Brisbane, Patrick Terminals, and Port Kembla, but it was the Port of Townsville’s ambitious projects and strong economic contributions that earned it this prestigious award.
