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Published: November 2005      

ICTSI/Anglo form Oz joint venture

The relationship between Anglo Ports, the company founded by former P&O Ports managing director Capt Richard Setchell, and Manila-based International Container Terminal Services Inc has been formalised with the establishment of Australian International Container Terminals Ltd (AICT).

The joint venture will pursue terminal developments in Australia with the first target to be the proposed third Port Botany facility. Setchell says AICT will have at least A$200 mill to invest and may seek further partners if multiple opportunities arise in other main ports. Setchell contends that competition to the Patrick/P&O Ports duopoly could cut stevedoring charges in Australia by 10-15 per cent....


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