Flinders Ports acquires sole ownership of the Adelaide Container Terminal
2 July 2012
South Australia’s only container terminal, located at Outer Harbor in Adelaide’s north-west, is now under the sole control of Australia’s leading private port operator, Flinders Ports.
Flinders Ports – which is the private operator of the Port of Adelaide and six other SA ports – today announced it had purchased 60 per cent of the Adelaide Container Terminal business from DP World South Australia.
Three years ago, Flinders Ports acquired a 40 per cent stake in the business, which handles 260,000 containers a year.
The full ownership takes effect immediately, with the terminal business to be renamed Flinders Adelaide Container Terminal.
“We are delighted with the acquisition as it now provides a seamless operation across the port and allows for integrated infrastructure planning,” Flinders Port Holdings Chief Executive Officer, Mr Vincent Tremaine, said today.
“In recent years, we have invested heavily in the container terminal, and the general surrounds.
“In 2005, Flinders Ports joined forces with the State Government in a $45 million commitment to deepen the main shipping channel to give larger ships access to the container terminal.
“We have also redeveloped the container terminal’s berth precinct, including extending its length so two of these larger vessels can berth concurrently.
“And last year the terminal commissioned a new post panamax container crane to further improve the efficiencies of loading and unloading containers at the terminal.”
Mr Tremaine said the financial details of the deal are confidential.