ports

Port of Newcastle’s private equity owners face challenges on two fronts as the ACCC appeals a decision over access charging and a port customer files a lawsuit over misuse of market power.

The country's competition watchdog has come out strongly against a decision to remove it as the Port of Newcastle’s regulator, sounding caution about monopoly assets having ‘unfettered market power’.

The fund manager has set targets for its seven Australian assets, covering airports, ports, a railway station and an electricity distribution business - including a 100% reduction by 2030.

The country’s companies ‘are in reasonably good financial shape’, despite slowing economic conditions across the Asia-Pacific region, according to S&P Global Ratings’ Parvathy Iyer.

Nicola Palmer and Michael Allen of Arcus Infrastructure Partners explain how decarbonisation, demographic shifts and technology are creating new opportunities for transport infrastructure.

The acquisition of KRIL expands the Dubai-based port operator’s logistics footprint and the joint venture’s portfolio.

A minimum-volume commitment for an Asian shipping company to use the Long Beach Container Terminal in California ‘implies’ a 12x EBITDA margin over 20 years, a source said.

Asset manager estimates the subsector could require as much as $4.5trn in financing over the next 10 years as bank lenders exit the market.

Growth in the US transport sector this year will be moderate and stay in lockstep with the country’s GDP, according to Fitch Ratings. The company, in a report published on Monday, predicted “mostly stable” growth in airports, toll roads and ports, citing in all cases a strong commercial and consumer economy. However, the ratings agency […]

The circa €1.1 billion deal for DCT Gdansk is IFM’s first in Poland since the government in 2017 blocked it for being a fund ‘focused on aggressive profit’.