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Industry impacts of Australian port privatization

Citation

Chen, S-L, Industry impacts of Australian port privatization, Port Technology, PTI, UK, 76, pp. 76-78. (2017) [Magazine Article]


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Abstract

For three decades port governance reform has been a strategy adopted by governments around the world to achieve various goals, such as improving efficiency, encouraging private investments, and reducing governments’ financial burden. Following commercialization and corporatization of port authorities in 1990s, six major Australian ports have been privatized from 2011, including the Port of Brisbane, Port Botany, Port Kembla, the Port of Newcastle, the Port of Darwin and the Port of Melbourne.

The main drivers for the privatization include the government’s policy of recycling capital for funding other infrastructure projects, the budgetary goal of reducing state governments’ debts, and seeking growth in private investments in public infrastructure. While private sector ownership of ports in Australia is not new, generally all bulk ports are privately owned and vertically-integrated. The recent privatization in major city ports is a significant move of port management system for Australian port industry. This article provides a snapshot of the privatization and some observed impacts on the market based on the author's recent research paper.

Item Details

Item Type:Magazine Article
Keywords:port privatisation, leashold sale, private landlord port, Australia
Research Division:Commerce, Management, Tourism and Services
Research Group:Other Commerce, Management, Tourism and Services
Research Field:Commerce, Management, Tourism and Services not elsewhere classified
Objective Division:Transport
Objective Group:Water Transport
Objective Field:Port Infrastructure and Management
UTAS Author:Chen, S-L (Dr Peggy Chen)
ID Code:132070
Year Published:2017
Deposited By:Maritime and Logistics Management
Deposited On:2019-04-17
Last Modified:2019-05-07
Downloads:2 View Download Statistics

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