Port of Newcastle CEO: Australia lacks good shipping policy

With the government having withdrawn from ports and shipping ownerships, Australian states have become short-sighted when it comes to the port and shipping policy, the Port of Newcastle’s CEO has claimed.

Craig Carmody said that national and state policy makers have created a policy misalignment by ceding the space to the private sector which has created risk for Australia’s future.

Being part of global trade, especially for Australia where approximately 98% of its trade travels by sea, is critical to a nation’s economic development and its population’s increased quality of life.