REGION REPORT | OCEANIA


AUSTRALIA LEADS THE WAY


Oceania’s port expansion continues at pace, dominated by growth in Australia. DLM takes a deeper dive into what is happening in Pacific ports, including key trends and the latest news from manufacturers.


According to US analysts at TechSci Research, the Australian port infrastructure market was valued at $3.96bn in 2023 and is anticipated achieve a CAGR of 3.87% through to 2029. “Australia’s robust economic growth and expanding international trade have significantly boosted demand for efficient cargo handling facilities,” says the report.


I


t is no surprise that Australia continues to set the regional agenda for Oceania, as it remains the largest economy and a major exporter of raw materials.


“The increasing population and urbanisation trends have led to a surge in consumer demand for imported goods, thereby heightening container traffic through the country’s ports. This necessitates continual expansions and upgrades in port infrastructure to accommodate larger vessels and higher cargo throughput, ensuring efficient and reliable operations.” Major ports such as Sydney, Melbourne and Brisbane have undertaken significant expansion projects to enhance their


capacity and efficiency, positioning them as critical nodes in the country’s trade network. “Australia’s strategic location in the


Asia-Pacific region places it at the centre of rapidly growing trade routes, particularly with Southeast Asian countries,” it adds. “This geographical advantage facilitates extensive trade activities, driving the need for modern and efficient port facilities to support the seamless flow of goods. “The country’s participation in


various free-trade agreements, such


Ports such as Melbourne have undertaken expansion projects to enhance their capacity and efficiency. © ymgerman / Shutterstock.com vi | April 2025 | Dockside Lift & Move Supplement


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