CMPort to Buy 50 Pct Stake in Newcastle Port
- Feb 08, 2018-
The company inked an agreement to buy the interest from China Merchants Union (BVI) Limited (CMU) and Gold Newcastle Property Holding.
The Port of Newcastle is currently 50% owned by CMU and its subsidiary Gold Newcastle.
The remaining 50% stake in the port is held by TIF Investment Trust.
With this move, CMPort said it intends to expand global footprint to Oceania, leverage on land resources to capture development upside and provide a financial return.
The Port of Newcastle is the largest port on the east coast of Australia and one of the world’s leading coal export ports. It consists of four port zones, including 21 berths with a total design capacity of 211 million tons. In the year 2016, it handled bulk cargo volume of 167 million tons, of which 161 million tons are generated from coal export.
OUCO Marine/Offshore Telescopic boom cranes
OUCO Marine/Offshore Telescopic boom cranes are based on a pedestal slewing design with hydraulic cylinder luffing. The boom extension is a telescopic inner section that allows a more flexible and wider operational radius in use and leaves the crane stored in a compact position.
The advantages of the telescopic cranes are low weight and less complex design making them maintenance-friendly. The cranes are available from 5 –40 meters of crane boom, which have long range of usage. OUCO Marine Telescopic cranes can be designed and manufactured by clients’ requirements in our own factory.
Typical Applications: Provision cranes, Service cranes, Container and cargo handling cranes
Lifting of personnel – man-riding
External hydraulic power packs
Active Heave Compensation (AHC)
Passive Heave Compensation(PHC)
Design according to rules and regulations API 2C.
Class Societies like ABS, CCS, DNV, LR, RMRS, etc.
Diesel hydraulic drive