Flinders Port Holdings’ $70 Million Plus investment backs South Australian Trade
2 April 2014
Flinders Port Holdings, the group behind Flinders Ports, Flinders Logistics and Flinders Adelaide Container Terminal has ploughed over $70 million into new infrastructure and equipment at Port Adelaide, as part of long-term plan to enhance productivity and optimise trade flows for South Australian businesses.
The latest tranche of investment has seen Flinders Logistics commission a brand new Terex Gottwald mobile harbour crane at Port Adelaide’s Berth 29 in response to increasing demand from South Australian miners for export services. Meanwhile the group’s Outer Harbor container operator, Flinders Adelaide Container Terminal, which also serves the mining sector, has placed orders for two Liebherr Post-Panamax cranes in response to growing demand from a range of businesses. This container trade is projected to exceed 700,000 twenty-foot-containers (TEUs) by 2026.
Exponential growth at Flinders Logistics lies behind the group’s decision to deploy an additional crane at Berth 29, Inner Harbour. The logistics’ division is handling over three-million tonnes of Australian ores and concentrates a year through Port Adelaide, with an estimated value of $1 billion, and has more than quadrupled the volumes of bulk minerals it moves since 2012.
“The group’s focus is on long-term sustainability. It’s allowing us to buck trend and actually increase our customer base as well as our profitability,” said Mr Vincent Tremaine, Chief Executive Officer of Flinders Port Holdings.
The crane purchase follows a five-year program of infrastructure upgrades at Port Adelaide’s Berth 29. Having invested around $50 million into new hard stand, sheds and rail infrastructure, the new crane is a further upgrade for the group’s Port Adelaide intermodal bulk handling facility.
The two new ship-to-shore container cranes on order for Flinders Adelaide Container Terminal represent an investment of around $24 million and are due to arrive in South Australia in December 2014.
“Efficient port infrastructure is crucial for customers, because of its impact on supply chain costs. We are targeting growth by investing across our business units – raising the bar on service levels industry-wide,” said Mr Tremaine.
About Flinders Port Holdings Pty Ltd
Flinders Port Holdings Pty Ltd is the holding company for the group’s ports, logistics, container terminal, and businesses. Committed to developing strong long term relationships with customers, Flinders Port Holdings aims to be customer focussed, responsive and reliable at every level of the organisation.