PD Ports wins costs against STDC and Teesworks
NewsA High Court judge has ruled that South Tees Development Corporation and Teesworks Ltd must pay most of the costs incurred by PD Ports as a result of the battle over access rights.
Sydney-based Babcock & Brown Infrastructure (BBI) will consider selling 100% of PD Ports in the UK, all but 15% of BBI Euroports and at least 49% of Queensland’s Dalrymple Bay Coal Terminal (DBCT) as it tries to get debt levels under control in the wake of the collapse of its parent, investment bank Babcock & Brown (B&B).
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