1.1 C
Hamburg
Monday, January 25, 2021
Home Port News No deal between Port of Newcastle & DP World Australia

No deal between Port of Newcastle & DP World Australia

A DEAL between the Port of Newcastle and container terminal operator DP World Australia has broken down, with DP World understood to be talking with the owner of Port Botany and Port Kembla about a rival terminal at Wollongong.

Although DP World has signaled that negotiations ended because its investigations showed the Newcastle proposal was uneconomical, Port of Newcastle is taking a more optimistic view of the split, saying it is now able to talk to other operators.

Supporters of the Newcastle plan also say DP World’s move can also be interpreted as a sign that vested interests in Sydney recognise the competitive threat of a Newcastle terminal, and are trying to white-ant it to preserve the status quo.

Confirming the decision to go their separate ways, a DP World spokesperson said: “We can confirm that we have ceased engagement with the Port of Newcastle.

Read more on Newcastle Herald.

 

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

​OOIL to issue new shares on the market

Orient Overseas International Limited (OOIL) has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, its immediate parent company and part...

Pirates kill one and kidnap 15 crew members in a Turkish boxship attack

In a significant escalation in West African pirate attacks, one crew member has been killed, while 15 seafarers have been kidnapped, on the container...

CU Lines guarantees equipment for maiden Asia-North Europe service

China United Lines (CULines) is assuring all shippers that it has enough containers to go around as it launches a solo Asia-North Europe service. In...

Port of Rotterdam test smart mooring system

The Port of Rotterdam has installed a smart bollard, developed in collaboration with the mooring and dredging company Straatman BV, along the quay of...

Busan Port Authority to build a new warehouse at the Probolinggo Port

Busan Port Authority (BPA) will establish and operate a bonded warehouse at the Probolinggo Port in East Java in order to expand its logistics...