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Top News In Port Of Melbourne Today - Breaking & Trending Today

Exclusive-GIP eyeing up to 49% stake in Malaysian port operator, could value MMC Port at $6 billion

Global Infrastructure Partners (GIP) is in talks to buy up to a 49% stake in MMC Port Holdings, in a deal potentially valuing Malaysia's biggest port operator at around 30 billion ringgit ($6.4 billion), two sources with knowledge of the matter said. The infrastructure investor has begun seeking financing for the potential acquisition of a stake in MMC Port, part of the MMC Corp conglomerate controlled by Malaysian tycoon Syed Mokhtar Al-Bukhary, one of the sources said. A 49% stake in MMC Port would be worth $3.1 billion, although it is not clear yet what kind of premium will be agreed on by the two companies. ....

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BlackRock buys Global Infrastructure Partners in $12.5bn deal

BlackRock will buy GIP for $3bn in cash and about 12-million BlackRock shares ....

South Australia , United Kingdom , City Of , Laurence Fink , Salim Ramji , Bayo Ogunlesi , Stephen Cohen , Asia Pacific , Global Infrastructure Partners , Rachel Lord , Middle East , Us Federal Reserve , Port Of Melbourne , Gatwick Airport , Usiness Live ,

Federal Police make public plea to identify organised crime group behind $80m worth cocaine packages found under cargo ship

A massive drug shipment of more than 200kg has been found hidden in the hull of a cargo ship in Melbourne which had returned from an overseas journey. ....

New Zealand , Clinton Sims , Richard Chin , Australian Federal Police , Commander Of The Border Force Maritime , Australian Border , Maribyrnong Terminal , Australian Border Force , Remotely Operated Vehicle , Remotely Operated , Federal Police , Western Australia , Border Force , Port Adelaide , Crime Stoppers , Port Of Melbourne , Victoria Police , Drug Raid , Drug Seizures ,

Tighter car quarantine measures cause delays to Port Kembla car imports, driving up costs

A major car importer says costs of bringing vehicles into Australia are piling up and expects it will be the consumer who is left to cover them. ....

Port Kembla , New South Wales , Daryl Mcintyre , Automotive Industries , New South , Federal Chamber , Australian Amalgamated Terminals , Port Kembla Cargo Terminal , Port Kembla , Port Of Melbourne ,

Instead of putting more massive trucks on our roads, we need to invest in our rail network

Large numbers of trucks not only add to road construction and maintenance bills, they also make our roads less safe and more congested and add to noise and air pollution. ....

New South Wales , Port Botany , Port Rail Shuttle Network , National Freight , South Dandenong , Greater Sydney , Hume Highway , Supply Chain , Port Of Melbourne , Road Safety ,