Abbot Point

General information

Abbot Point
Local time:
Moored Vessels:
Expected Vessels:
S 19° 52' E 148° 07'

Moored Vessels

Cargo Ship
01.12. 07:11

Expected Vessels

Cargo Ship
02.12. 16:00
Cargo Ship
05.12. 02:00
Cargo Ship
06.12. 07:00
Cargo Ship
06.12. 22:00
Cargo Ship
12.12. 05:00
Cargo Ship
13.12. 04:00
Cargo Ship
13.12. 11:00
Cargo Ship
14.12. 09:00

Sailed Vessels

Cargo Ship
01.12. 05:46

Latest news

Korean brokerage firms lend $208 mn on Australia coal terminal

Sat Sep 28 08:45:29 CEST 2019 arnekiel

Three South Korean brokerage firms, including Samsung Securities Co. Ltd., underwrote around 250 billion won ($208 million) of a subordinated debt on Abbot Point coal terminal in Australia in the second investment by South Korean institutions in the export terminal. Samsung and Hanwha Investment & Securities Co. Ltd. acquired 150 billion won of the five-year debt in aggregate for an expected yield of about 8%. They are selling them down to domestic institutional investors.

Adani to take full ownership of Abbot Point

Sun Oct 16 20:12:04 CEST 2016 arnekiel

Mining company Glencore is to sell the shares in its subsidiary Abbot Point BulkCoal Pty Ltd (APB) to the Adani Group. Adani acquired the Abbot Point Terminal on a 99-year lease from the Queensland Government in 2011 and has since invested more than A$1.8bn (US$13.6m). APB has since had an operations and maintenance agreement with Adani to operate the terminal. Under the share sale deal, Adani’s Abbot Point Operations Pty Ltd (APO) will take over APB, albeit APB will continue to operate and maintain the terminal. Glencore says the ownership transfer will not impact on the day-to-day operations of the terminal and Glencore will continue supplying coal for export to Abbot Point from its open cut coal mines at Newlands and Collinsville. Completion of the sale is subject to receipt of regulatory approvals.

India's Adani Buys Australian Port Operator

Wed Sep 21 10:16:07 CEST 2016 arnekiel

A unit of India's Adani Enterprises will buy the company that operates Australia's Abbot Point Coal Terminal from Glencore for A$19.25 million dollars ($14.52 million), ending a legal wrangle over control of the port. The statement from Adani and Glencore said Adani Ports and Special Economic Zone would purchase the port operator, Abbot Point BulkCoal Pty Ltd, pending regulatory approvals. Adani Enterprises, India's biggest private sector coal trader, acquired the Abbot Point Coal Terminal port from the Queensland government in 2011, considering it a key part of its plan to ship coal from Australia to India and for other exports. However, Glencore retained control of the actual operations of the port through its ownership of Abbot Point BulkCoal, sparking a legal dispute between the global miner and Adani that effectively will now end as the Indian company will assume full control of the port.

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