The Australian Senate’s rejection of shipping reform has thrown DP World’s plan for a 200,000 teu capacity container terminal into doubt.
The terminal operator said on November 8, 2015, that its US$20m development plan was conditional on the Coastal Shipping Act 2015 being approved by parliament.
After the proposal was defeated by 31 votes to 28 in the Senate, DP World Australia’s chief corporate development officer Brian Gillespie said: “Design engineering work on Burnie will continue but the US$30m order for cranes and equipment is on hold while we review the situation.”
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.