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Babcock & Brown Infrastructure seeks to reassure users

March -16- Babcock & Brown Infrastructure (BBI), the ports and terminals owner, which has around 20 bulk, breakbulk and project cargo terminals in various ports across Europe, has sought to reassure its users that it is operating normally despite the appo

The company, which recently appointed Royal Bank of Scotland to sell all or part of the UK's third-largest ports operator, PD Ports, indicated that the process would not have any direct effect on its asset sales process, businesses or its operations.

A company spokesman has indicated that BBI's businesses continue to operate as usual, and its essential services infrastructure assets are performing well.

It is understood that BBI does not have any loan or other financing arrangements with B&B or other companies in the group, and that BBI has separate ownership, boards, management and legal structures.

B&B called in administrators after New Zealand shareholders voted down a AUSD3.2Bn (USD2.07Bn) debt restructuring plan.

Heavy Lift | News

STA completes Mozyr delivery thumbnail image

STA completes Mozyr delivery

October 10 - STA Logistic has delivered a reactor tip from Italy to the Mozyr oil refinery in Belarus.
Views: 676
Chernobyl NSC wins project management accolade thumbnail image

Chernobyl NSC wins project management accolade

October 9 - As part of its 50th anniversary celebrations, the Project Management Institute has named Chernobyl’s New Safe Confinement (NSC) as one of the 50 most influential projects of the past 50 years.
Views: 984
Tilbury2 ro-ro terminal moves forward thumbnail image

Tilbury2 ro-ro terminal moves forward

October 9 - A floating pontoon that will be used to discharge freight ferry vessels at the Tilbury2 terminal at port of Tilbury, UK has been launched.
Views: 588
Mammoet utilises TPA system in Norway thumbnail image

Mammoet utilises TPA system in Norway

October 9 - Mammoet has utilised its Trailer Power Assist (TPA) system to transport 23 running generators and hubs to a wind farm project site in the Norwegian town of Narvik.
Views: 781

Heavy Lift Across The World

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