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GPC announces record throughput in FY2016

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Dry Bulk,

Gladstone Ports Corp. (GPC) has reported record throughput tonnages for financial year ending in June 2016 (FY2016), with coal and liquefied natural gas driving growth.

Total throughput reached more than 116 million t in FY2016. Coal accounted for 72.1 million t of GPC’s annual throughput, following the expansion of the existing RG Tanna Coal Terminal and the development of the new Wiggins Island Coal Terminal.

The port will also benefit from the development of three liquefied natural gas (LNG) plants in the port of Goldstone, which have the potential to generate about 24 million tpy of LNG. LNG accounted for 10.4% of port throughput.

Other major commodity throughput includes alumina, which comprised 23% of port throughput, remaining GPC’s second largest export trade. Cement, petroleum products, grain and sugar, as well as other minor bulks, were also handled through the port.

Overall, GPC expects throughput to rise to 130 million tpy by FY2021.

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