Pilbara Ports reported a strong financial year, achieving a fourth consecutive year of record-breaking throughput.
More specifically, the result represents a 3% increase when compared to the last financial year, with 752.4 million tonnes (Mt) of throughput recorded in 2022-23, worth an estimated US$164 billion.
According to Pilbara Ports, this result comes despite many of the company’s customers experiencing challenges to production, including a tight labour market and increasing raw material costs.
Furthermore, several new infrastructure projects underway aim to enable Pilbara Ports for future growth and opportunity.
Pilbara Ports CEO, Samuel McSkimming said progressing infrastructure projects at the operational ports of Port Hedland, Dampier and Ashburton, would enable an increase and diversification of trade.
“Our priority as an organisation is to support the ambitions of our customers. To facilitate demand, we’re embarking on several projects, including building new multi-user wharfs at Port Hedland and Dampier,” he stated.
Additionally, more than 43% of global iron ore trade and 7.5% of global LNG trade passed through Pilbara Ports in 2022-23, highlighting the significance of the region to the Australian economy, and to the global supply chain.
The result was achieved with 17,500 safe vessel movements, equating to more than 48 movements each day across four operational ports.