FREE Eyre export venture

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FREE Eyre’s Mark Rodda and mark Cant from Sea Transport Corporation at the opening of the Lucky Bay harbour expansion on Friday.A JOINT venture betweengrower-owned agribusinessFREE Eyre and transshipping company Sea TransportCorporation is expected to save growers money and create at least 50 jobs in the region.
Nanjing Night Net

The companies announced plans on Friday for a transshipping enterprise at Lucky Bay, near Cowell,where grain will be barged out to ships in Spencer Gulf.

The joint venture companySpencer Gulf Trustwill bring together the global expertise ofSea Transport’s transshipping technology with FREEEyre’s grain grower shareholders andclients, tobuilda bulk commodity transshipping terminal and enterprise at Lucky Bay, using state-of- the-art, shallow draft transshipping vesselsto load larger cargo vessels moored in the gulf.

At the official opening of the Lucky Bay transshipping harbor extension on Friday, Free Eyre chairman John Crosby and Sea Transport chairman Stuart Ballantyne saidthat subject to funding negotiations, construction on the land-based grainreceival, storage and handling facilities would start in the first quarter of 2017 and becompleted in time to receive grain for the 2017 harvest.

The site at Lucky Bay where a bulk commodity transshipping terminal and enterprise will be built, using state-of- the-art, shallow draft transshipping vessels to load larger cargo vessels moored in Spencer Gulf.

Financial modelling suggestsgrowers in the Lucky Bay catchment zone could save $10 to $19 a tonne on average, depending on individual growers’ freight costs.

Across the past 10 years, an average of onemillion tonnesof grain has been produced within this catchment zone.

The Spencer Gulf Trust anticipatesWallaroo will be the second stage with similar facilities designed toreceive, store and export both grain and fertiliser, adding competition to the supply chain.

There is also potential for transshippingat other key locations such as Streaky Bay and Kangaroo Island and the company believes this alternative method of transshipping bulk commodities has the potential totransform grain and fertiliser handling in South Australia.

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