Australian assets offer low returns
A number of major Australian ports have a lower return on assets than counterparts internationally, according to a report by Infrastructure Australia.
The report, based on findings by Deloitte, says that the return on assets of eight Australian ports studied was 2.1%.
This compares to 5.2% for the seven comparison ports which included Singapore, Auckland and Vancouver.
TasPorts and Port Hedland had the lowest returns of 0.1% and 0.7% while Port Kembla and Newcastle were best with 3.8% and 2.8%.
Deloitte says the low return on assets is partly due to high asset values coupled with relatively low revenues.
