VICT reaches 5 million TEU
NewsVictoria International Container Terminal, ICTSI’s fully automated container handling facility at the Port of Melbourne, has reached five million TEU.
Kembla copper blow
Lobbyists are ramping up pressure on the New South Wales Government to proceed with the development of a container terminal at Port Kembla following the sudden closure of the Port Kembla Copper smelter.
A consortium led by Japan’s Furukawa reportedly spent A$800 mill on reopening the facility, but faced a huge blow-out in technical costs in trying to wed new technology to aging infrastructure and meet environmental requirements. Full production was never reached and the falling price of copper and competing imports sealed the smelter’s fate. Most of the output was used domestically, but plans were in train to develop a 50,000 tonnes/year containerised trade in copper anodes.
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This complete item is approximately 320 words in length, and appeared in the August 2003 issue of WorldCargo News, on page 9. To access this issue download the PDF here.
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