News service and business centre for materials handlingHOME

Flinders Ports acquires sole ownership of container terminal

Thursday, 5 Jul 2012 ( #572 ) - Adelaide, South Australia, Australia
Local News Story
Flinders Ports has acquired full control of the Adelaide container terminal.
Private port operator Flinders Ports has acquired full control of the Adelaide container terminal, which handles around 260,000 containers a year.

The deal, announced earlier this week, sees Flinders purchase 60% of the business from DP World South Australia, to add to the 40% it acquired three years ago.

Full ownership takes effect immediately, with the business to be renamed Flinders Adelaide Container Terminal.

"We are delighted with the acquisition as it now provides a seamless operation across the port and allows for integrated infrastructure planning," says chief executive officer Vincent Tremaine.

"In recent years, we have invested heavily in the container terminal and the general surrounds.

"In 2005, Flinders Ports joined forces with the state government in a $45 million commitment to deepen the main shipping channel to give larger ships access to the container terminal.

"We have also redeveloped the container terminal’s berth precinct, including extending its length so two of these larger vessels can berth concurrently."

Flinders Ports is the private operator of the Port of Adelaide and six other SA ports.
Discuss News stories in the Discussion Forums!
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.