Controversial lease of Darwin to China
Chinese group, Landbridge, has acquired the controversial lease of Darwin Port in Australia.
The company plans develop the Port of Darwin's infrastructure and increase trade with Asia through its business and networks in the region.
Australian media reported that US President Barack Obama has expressed anger at Australian Prime Minster Malcolm Turnbull for not having informed him about the deal.
This is said to be because the Chinese firm have close ties to the Chinese military.
ABC News played down concerns about the leasing of the port. It reported that Turnball has discussed the issue with President Obama during a bilateral meeting on the sidelines of this week’s APEC Summit in Manila.
Landbridge, owned by Chinese billionaire Ye Cheng, said that CEO Terry O’Connor will lead the day to day business operations of the port. The deal is said to be worth more than US$363m.
LATEST PRESS RELEASES
Taylor Machine Works, Inc. is proud to announce the release of the ZLC Series. Read more
Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from Martin Operating Partnership
Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from ... Read more
Kuenz recently delivered a rail-mounted container crane to the Netherlands that features a lifting c... Read more
Taylor is proud to announce a new focus on the International markets for heavy industrial lift equip... Read more
The Aqaba Container Terminal (ACT) is the only container port in Jordan and the primary trade gatewa... Read more
Terminal Intermodale Venezia (TIV), part of Hili Company, has gone live with Navis N4 TOS. On Sunday... Read more