Australia’s top rail freight operator in for Queensland coal terminal

Australia’s top rail freight operator in for Queensland coal terminal

Aurizon Holdings, Australia’s largest rail freight operator, is close to sealing a deal to acquire Wiggins Island Coal Export Terminal.

Buying the Queensland terminal would be a potential positive for Aurizon in allowing the company to diversify its rail haulage business given the terminal’s “strategic fit, potential growth profile and quality of infrastructure asset,” RBC Capital Markets analyst Paul Johnston said Monday in a note.

The terminal is currently owned by a group of coal producers including Glencore.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts