VICT reaches 5m TEU
NewsVictoria International Container Terminal, ICTSI’s fully automated container handling facility at the Port of Melbourne, has reached five million TEU.
Five groups are vying to buy the 99-year lease of the port of Brisbane, which the Queensland government is hoping to sell for more than A$2B (see WorldCargo News June 2009, p32).
According to a report published in the Australian Financial Review and in part confirmed by some of the bidders, competing parties include sovereign wealth funds from Singapore and Malaysia.
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This complete item is approximately 150 words in length, and appeared in the August 2010 issue of WorldCargo News, on page 8. To access this issue download the PDF here.
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