The port in its statement commented

While disappointed construction of the terminal facility cannot proceed at this time, we respect that funding is no longer available

The port noted that they are pleased that $800,000 of upgrades resulted to mooring bollards, jointly funded by the NSW Government and the Australian Government, and have enabled larger ships of up to 3,900 passengers to berth in Newcastle.

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The port's consultations with the cruise industry have been beneficial in better understanding its needs and ensuring that the design of any future infrastructure will be well-informed by industry.

We’re pleased that AUD 800,000 of upgrades to mooring bollards, jointly funded by the NSW Government and the Australian Government, have enabled larger ships of up to 3,900 passengers to berth in Newcastle

... the port highlighted.