Dry CargoGreater ChinaPorts and Logistics

Centrex Metals mulls taking Wisco to court over stalled port plans

Centrex Metals is mulling taking the subsidiary of one of China’s largest steel mills to court over a stalled port development in Australia.

Centrex said Wugang Australian Resources Investment, part of Wuhan Iron and Steel (Wisco), had breached an agreement by missing a deadline to pay A$4m for a joint venture involving the proposed Port Spencer north of Tumby Bay in South Australia.

Adelaide-based Centrex said it is taking legal advice to remedy the situation.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button