Maersk Shekou undergoes repairs after accident in Fremantle
NewsThe Maersk Shekou is being repaired before its departure to Port Klang, while the injured Leeuwin crew have been discharged from the hospital.
Toll split to open doors
In a move that has taken analysts, competitors and regulators by surprise, Australia’s Toll Group is to split into two separate entities, one housing logistics operations and the other ports and rail assets.
Apparently abandoning the vertical integration philosophy used to justify this year’s A$6B acquisition of Patrick Corp, the group now proposes to deconsolidate into Toll Holdings, which will retain the current portfolio of logistics operations plus Toll Asia, Toll New Zealand and Toll’s stake in airline Virgin Blue, and a new company, temporarily known as Infrastructure Co, which will own Toll and Patrick port assets, rail operator Pacific National (PN) and Toll’s shareholdings in Autocare, AAT, Toll Owens New Zealand and other infrastructure related joint ventures.
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This complete item is approximately 600 words in length, and appeared in the December 2006 issue of WorldCargo News, on page 6. To access this issue download the PDF here.
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