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Port of Melbourne Corporation
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Port of Melbourne is Australia's largest maritime hub for containerised and automotive cargo handling over 7000 containers and over 1000 motor vehicles every day on average, together with other bulk cargo. With a total trade value of over $90 billion annually, the Port of Melbourne supports the prosperity of thousands of businesses and the daily lives of families across Victoria and south-eastern Australia.Port of Melbourne is the company name of the private leaseholder of the Port of Melbourne's commercial operations and assets for the largest container and automotive port in Australia. The new ownership arrangements came into effect on 1 November following completion of the Victorian Government's market process which culminated in the Lonsdale Consortium being announced as the successful bidder. The new private entity Port of Melbourne should not be confused with the former Port of Melbourne Corporation which has been succeeded by the smaller state-owned Victorian Ports Corporation (Melbourne) with responsibility for commercial ship navigation and cruise shipping.