Flinders Ports
In 2000, the State of South Australia announced its intention to privatise the South Australian Ports Corporation. Following a competitive bid process, Flinders Ports Pty Ltd (Flinders Ports) was the successful bidder for the South Australian Ports Corporation, which was the owner of seven of South Australia’s ports, previously owned by the South Australian Government. In addition to the acquisition of the port infrastructure, Flinders Ports also acquired a 99-year land lease and port operating license for the Port of Adelaide and the six regional ports of Port Lincoln, Port Pirie, Port Giles, Klein Point, Thevenard and Wallaroo.
Key investment highlights
Strong positions on an economically attractive market
Flinders Ports is a key player in the Australian ports market and the market leader in South Australia. Port Adelaide is one of the 10 largest and most active ports in Australia.
Strategic initiatives such as the development of the Adelaide Container Terminal which was recently undertaken to develop market share ideally positioned Flinders Ports to capture an increasing share of this future growth.
First class infrastructure and fully modernised facilities
Flinders Ports is the owner of high quality port infrastructure and has the concession to manage the land for a 99 year period from 2001. This provides it with solid visibility and flexibility to develop the business going forward. The group has a focussed investment plan and plans to continuously upgrade infrastructure to ensure improved efficiency and attract new customers with a top quality service.
Strong and diversified customer base
Flinders Ports has an important and diversified blue chip customer base including: oil companies, car producers, cement plants, agricultural distributors and mining companies. Multi-year agreements with leading global shipping companies attracted by strategic terminal location, superior customer service and consistent operational performance will contribute to ensure future revenues for the group going forward.
Experienced management team
Flinders Ports management comprises a strong team with excellent track record in operating and developing the business and maintaining long standing relations with customers and other stakeholders. The management team is highly experienced with sound industry experience, close working relationship with the relevant ports authorities and are well recognised within the industry.
