GEELONG, AUSTRALIA — Riordan Grain Services and GeelongPort have signed a four-year lease agreement for a 3,000-square-meter shed on Corio Quay North, providing onsite storage capacity that is expected to improve grain exporting efficiency and additional grain marketing options.

Jim Riordan, managing director of Riordan, said the shed will provide critical capacity for the logistics involved in export grain shipments. Riordan has built an annual export program of close to 1 million tonnes of grain in 2024 since its first shipment in 2018 using a pioneering mobile bulk loading system.

Riordan said the company has worked with GeelongPort over the past five years to build an export program for wheat, barley and canola from Victoria to markets including Japan, South America, New Zealand, the Philippines and Southeast Asia.

“We have experienced growth in our business for more than 25 years, and this agreement with GeelongPort means that we can be more confident in making plans,” he said. “This is a significant addition to our business that will also support jobs in Geelong and provide Victorian grain growers more choices for grain marketing.”

GeelongPort is Victoria’s second largest port located within Victoria’s largest regional city, Geelong. Managing close to 12 million tonnes of cargo and 600 vessel visits per year, GeelongPort supports the agriculture, construction, energy and tourism sectors.

GeelongPort is owned by Stonepeak and CareSuper. Stonepeak, on behalf of its managed funds and accounts, holds a 70% interest in GeelongPort, and CareSuper has a 30% stake.