Latest news from Heavy Lift & Project Forwarding International Magazine

Environmental approval for Townsville

The Environmental Impact Statement (EIS) for the Townsville Port Expansion Project has been approved by the federal government.

Approval of the EIS for the project means that preliminary works on Stage 1, the AUD193 million (USD151.8 million) channel widening project, could start before April this year, pending a resolution on final funding between the state and federal governments.

The port of Townsville ceo, Ranee Crosby, said the AUD1.64 billion (USD1.3 billion), 30-year development plan would ensure the port of Townsville could expand and become a globally competitive port.

"Ships are getting bigger and the widening of the channel is absolutely critical to the future viability of the port of Townsville," explained Crosby.

"At the moment Townsville cannot accept ships longer than 238 m in length, which by today's global standards is completely inadequate."

The port will fund AUD43 million (USD33.8 million) for the channel capacity upgrade, the Queensland government has confirmed a AUD75 million (USD59 million) funding commitment and has sought a matched AUD75 million contribution from the federal government for the project to proceed.

 

 

www.townsville-port.com.au

Heavy Lift | News

Oaktree invests in Watco thumbnail image

Oaktree invests in Watco

January 9 - Oaktree Capital Management has formed a strategic partnership with Watco Companies that will see the Los Angeles-based private equity firm invest USD450 million in the Kansas-heaquartered transportation company.
Views: 2880
DSV announces expansion  thumbnail image

DSV announces expansion 

January 2 - DSV has released plans of a major investment to expand its headquarters in Copenhagen, Denmark. 
Views: 2716
DFDS adds to lifting capacity in Immingham thumbnail image

DFDS adds to lifting capacity in Immingham

December 24 - DFDS has taken delivery of a 124-tonne lifting capacity Liebherr mobile harbour crane at its terminal in Immingham, UK in preparation for the launch of enhanced DFDS liner services between Immingham, Norway and Belgium at the start of 2019.
Views: 3111
Metalmark invests in T. Parker Host thumbnail image

Metalmark invests in T. Parker Host

December 20 - Having acquired the 254 acre (102 ha) Avondale Shipyard in New Orleans, USA in October, maritime services provider T. Parker Host has received strategic investment from private equity firm Metalmark Capital.
Views: 2905

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.