Brookfield Infrastructure Group has moved to acquire ports operator Asciano in Australia. Asciano formally confirmed at the end of June it had received a non-binding bid to acquire 100% of its shares at a value of A$9.05 in cash and scrip (representing a fraction of a share).
The main drivers for automation are being ably demonstrated at Patrick’s automated straddle terminal in Brisbane, Australia, says the operator.
Port operator Asciano has confirmed it is talking with third parties over potentially selling a slice of its Patrick Terminals and Logistics division.
Australian transport group Asciano is in talks with third parties regarding the potential sale of a “non-controlling interest” in its terminals and logistics business division.
Beware of following the herd when it comes to investing in automation, writes Martin Rushmere
While the privatisation of Australia's ports gathers pace, the head of ports operator Asciano fears the Australian economy may be suffering some damage.
A weekend strike has stopped around 600,000 tonnes of coal getting to Australia’s Newcastle Port, according to media reports.
Finnish cargo equipment company, Cargotec, has won an order to deliver 44 automated straddle carrier systems (AutoStrad) and related automation technology to Australian port operator Asciano’s container terminal at Port Botany in Sydney.
Australian container terminal operator Asciano has announced a AUS$348m automation project for its Botany Bay facility which when implemented could see the workforce there reduced by over 50%.
The head of Australian stevedore Asciano has questioned whether having three competitive stevedores in the Australian waterfront industry is viable in the long-term.
Ports and rail operator Asciano Ltd is to dismantle its Patrick ports division.
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