10. POSITIVE FACTORS
10
• Increase in world wide demand
• Strong growth potential of all ports
• Planning underway at most terminals to allow for
quick response to demand
11. FUTURE OPPORTUNITIES IN QUEENSLAND
11
EXPANSION POTENTIAL
• Hay Point / Dalrymple Bay Coal
Terminal - Dudgeon Port
• Abbot Point - Terminal 0 - 70Mt
- Terminal 3 - 60Mt
• Gladstone - WICT, RG Tanna -70 Mt
15. RG TANNA COAL TERMINAL EXPANSION
15
• Possible use of
starter/reclaimer
depending on coal
type
• Use of Moormaster
to halve berth
length required for
Berth 5
• 4 shiploaders /
5 berths
22. RISKS TO EXPANSION
22
• Changes in nature of investors
• Increased risk in Take or Pay
• Dredging in World Heritage Area
23. NATURE OF INVESTORS
23
• Move from ‘majors’ to ‘new investors’
• GPC – first ever major write-downs
• WICET – 3 customers lost
• Increased funding costs with changed
risk profile
• Reluctance of some banks/governments
to invest
24. TAKE or PAY RISK
24
• Underpins long term investment
• Increased need for security to
manage risk
• Increasing costs of security
• Issues on transmission of business
25. DREDGING
25
Sustainable Ports Development Act
• All major coal ports priority ports
• Recognition of value of ports and
the Great Barrier Reef
• Master planning process
• No Sea Disposal of capital dredging
• Potential increased costs
26. CHANNEL DUPLICATION PROJECT
26
Duplication of the existing
Gatcombe and Golding Cutting
Shipping Channels by
deepening and realigning the
existing 9.12km long bypass
channels, to a depth of ~ 16.1
metres and a width of 200
metres, allowing for two-way
passage of vessels.
• EIS Process underway – have
until June 2017 – seeking
extension until September
2018
• Stakeholder & Community
Consultation a key part
• $20M allocated for EIS
submission
• Ban on Capital dredge
material in WHA an issue
27. CONCLUSION - POSITIVES
27
• Currently spare capacity of 100Mt
• Strong planning/expansion options
at all major coal ports
• Focus on cost reductions
28. RISKS
28
• Increasing risk profile in coal industry
• Increased risk even under Take or Pay
contracts
• Challenging to manage dredging and
expansion in World Heritage Area