Container Volumes Inch Up at Port Botany, Australia

Container Volumes Inch Up at Port Botany, Australia

Container volumes at Port Botany were up 1 percent to 2.04 million 20-foot-equivalent units for the 2011-2012 fiscal year, the port’s 11th consecutive year of container trade growth, according to the Sydney Ports Corp.’s annual report.

The volume of container trade coming through the port has been growing at a compound annual growth rate of around 7.4 percent since the mid 1990s, said Grant Gilfillan, Sydney Ports’ CEO, in a written statement.

Full container imports were up 1.7 percent to 1.02 million TEUs, and full container exports were down 0.8 percent to 0.46 million TEUs.

Revenue for the 2011-2012 fiscal year increased 8 percent to $276.5 million, Gilfillan said.