DP World walks away from Newcastle development

DP World walks away from Newcastle development

DP World has pulled away from investing in the Australian port of Newcastle with local media suggesting the Middle Eastern terminal operator is now looking at buying into developing a terminal at Wollongong to the south of Sydney.

DP World’s exclusive memorandum of understanding with the Port of Newcastle has now expired and the port will seek new partners to help develop a container terminal.

DP World is Australia’s largest container terminal operator with existing operations in Sydney, Melbourne, Fremantle and Brisbane.

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.

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