There is a likely change coming in the top container port rankings Down Under, with Sydney on course to overtake Melbourne for top spot, the Sydney Morning Herald reports.
Last year Sydney was just 200,000 teu behind Melbourne’s 2.5m teu figure. Now volumes are stagnating at the Victorian port thanks in large part to a lack of rail connectivity and migrating to New South Wales.
This year’s Victorian budget confirmed the previous government’s A$58m project to connect rail to the port, but the federal government has suggested it will reallocate its A$38m contribution elsewhere if the rail project does not go ahead.
Melbourne port is going through a contentious privatisation scheme at the moment that has caused concern among dockworkers and terminal operators alike.