The CEO of Australia’s Port of Newcastle, Craig Carmody, has announced his commitment to developing a world-class container terminal at the port.
The site chosen has the capacity for a two million TEU per annum container terminal, coupled with a shipping channel that can accommodate vessels up to 10,000 TEU, with the capability of larger vessels with some ancillary channel modifications. The terminal is expected to reduce the number of trucks on Sydney’s roads through expanded use of Newcastle’s rail connectivity.
“As a global gateway for regional Australia, the Port is ready to go,” says Carmody. “We have cost effective landside connectivity, interested shippers and a deep channel port that is operating at less than half its capacity. With freight growth in NSW expected to double by 2040, a fully utilized Port of Newcastle with a world-class container terminal will provide efficiencies and competition to meet the future logistics and freight task.”