New port for Oz east coast


Australia’s east coast is to receive a new port terminal in plans set out by US firm Bunge. The move will increase competition for GrainCorp, the country’s largest agribusiness.

Bunge has applied for planning permission to build its second port terminal in Geelong, Victoria, which would have three storage silos.

Chris Aucote, Bunge general manager, said: “We decided on Geelong due to the capabilities of its port, complementary infrastructure and good transport access for grain supply.”

GrainCorp, which also operates a port in Geelong, is anticipating more competition from the new port opening.

GrainCorp spokesman Angus Trigg said: “This is further evidence that grain exports from eastern Australia are highly competitive and contestable.”

The bulk grain terminal is expected to open towards the end of 2015 with an export capacity of 45,000 tonnes of grain per year.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.