Viterra invests in storage and equipment

Associated British Ports and Viterra will invest £ 10m in a new warehouse at Immingham International Terminal, boosting storage capacity to nearly 80,000t.

Southern Ports and Gold Valley marked a milestone as MV Sifnos departed the Port of Esperance with 78,000t of iron ore.

Viterra will acquire five storage and handling sites, and a mobile ship loader from Cargill, pending ACCC and FIRB approval, aiming to reduce freight rates.

The Port of Mackay handled 3.58 million tonnes of trade in 2023-24, nearing its record of 3.59 million tonnes, as it celebrates 85 years of operation.

Southern Ports set nine records this year, with standout imports being caustic soda and fertiliser, and spodumene exports hitting a fourth consecutive record.

The ACCC has raised preliminary competition concerns over Aurizon’s proposed acquisition of Flinders Logistics, which operates at Port Adelaide and Port Pirie.