Duopoly remains at Port Botany, for now

 
Sydney Ports Corporation has reportedly requested a 90-day extension to the announcement of the third stevedore to operate the new berths being constructed at Port Botany.
 
Scheduled to be completed by 2012, the new terminal (T3) will be created as a result of reclamation work being undertaken by Sydney Ports Corporation near the existing Patrick and DP World terminals. The new facility will almost double Port Botany’s container handling capacity.
 
There are five bidders short-listed for the right to operate the third terminal:
  • Hutchison Ports, which has recently won the tender to operate Brisbane’s third terminal.
  • DP World, which already operates one of the existing two terminals.
  • AITC, or Australian International Container Terminals.
  • Maersk Line’s parent company AP Moller-Maersk.
  • PSA International (formerly Port of Singapore Authority).
According to The Sydney Morning Herald, the Chris Corrigan-backed Kaplan Funds Management did make an expression of interest but withdrew before the shortlist was released in November. Kaplan operates motor vehicle facilities at Australian ports and focused on inland container terminals, logistics and other stevedoring interests.
 
Asciano, the owner of Patrick, the second stevedore operating at Port Botany, is experiencing financial difficulties and did not tender.
MREC HERE

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