TasPort triples profit

2016-17 TasPorts Annual Report shows TasPort has more than tripled its profit from $1.5 million in 2015-2016 to $4.8 million in 2016/17.

TasPorts has not delivered a profit since 2010, and this is good news as profitable, dividend-paying state-owned companies are an unqualified benefit to the Tasmanian community.

The Annual Report also confirmed Tasmanian exports continue to surge ahead with freight volume at their highest level since 2009, increasing 3.6 per cent on the previous year.

Additionally, woodchip exports have increased a further 21 per cent as the purchase of the Burnie Chip Export Terminal in 2014 helps drive the continued boom.

The report also demonstrates the crucial and necessary partnerships TasPorts continues to forge such as:

  • TasPorts and Australian stevedore, Qube Ports, entering into a joint venture to establish a log export terminal for a five year period at the Port of Hobart
  • The world’s largest container shipping company, Maersk Line, bringing a new weekly container service into Bell Bay
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