The Hodgman Government came to office with a commitment to turn around those state owned companies that were under-performing, and the 2016-17 TasPorts Annual Report tabled today confirms we are delivering on that commitment.
TasPorts has delivered a profit of $4.8 million for 2016/17- more than triple the previous year’s result of $1.5million.
Under Labor and the Greens, TasPorts had not delivered a profit since 2010, and this is great 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 once again proves to be a driving force behind 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.
I congratulate the Board, management and employees of TasPorts for another year of outstanding results in 2016-17.