NSW government body, IPART, has ruled that the Port of Newcastle need only make a one-off compensation payment of a mere $13 million (thirteen million Australian dollars) to be be […]
Privatisation
Port of Newcastle container terminal bill passes through both the lower and upper house
A controversial Bill that could remove a financial penalty imposed on the Port of Newcastle, which prevents it from developing a container terminal, will now pass into law.
It’s been a fast-moving week in the NSW Parliament, with the “Port of Newcastle (Extinguishment of Liability) Bill 2022“, being substantially re-written by the NSW State Government, then passed in the Lower House...
https://www.shippingaustralia.com.au/port-of-newcastle-container-bill-passes-lower-house/
RMT calls for meeting with the First Minister over ferry privatisation plans
RMT calls for meeting with the First Minister over ferry privatisation plans
CALMAC Union RMT today called for a meeting with Ministers in response to weekend press reports that the Scottish Government is planning to privatise the contract for lifeline ferry services in the west of Scotland.
RMT General Secretary, Mick Lynch said:
“RMT has been warning for months that Project Neptune means privatisation of Scotland’s lifeline Clyde and Hebrides ferry services and...
Groups against Mombasa container terminal privatisation
- The petitioners have sued the Attorney-General and the Transport Cabinet secretary.
- They want the MoU between the government and Mediterranean Shipping Company declared illegal.
- They also argue that there is an eminent danger of job losses as a result of the intended takeover.
The Dock Workers Union (DWU), a human rights lobby group and an association of community members have filed a petition challenging a memorandum of understanding between the government and a shipping company regarding...
https://container-news.com/groups-against-mombasa-container-terminal-privatisation/
Mombasa terminal privatisation raises arguments
Coast MPs have differed on the planned privatisation of the second container terminal at the Mombasa port.
One group led by Mvita lawmaker Abdulswamad Nassir and Changamwe’s Omar Mwinyi has opposed the plans. The other group including Lunga Lunga MP Khatib Mwashetani and Lamu Woman Representative Ruweida Mohamed called for caution, saying talks were still ongoing.
Nassir said the government was working behind the scenes to sell the Sh27 billion second container terminal, codenamed CT2.
He said...
https://container-news.com/mombasa-terminal-privatisation-raises-arguments/
Overview of the Greek privatisations programme: Delays challenge investors’ confidence and expected revenue for 2019
Greece – Focus Notes (Thursday, 10 January 2019)
Overview of the Greek privatisations programme: Delays challenge investors’ confidence and expected revenue for 2019
The present report, attached herebelow*, looks at the progress of the privatisations programme in recent months, the projects that encounter delays and the developments that are expected to take place in the months ahead.
Introduction
Privatisations are considered an important policy, not only for their contribution in increasing...
First successful privatisation of a Landesbank completed
Stefan Ermisch, CEO
HAMBURG/KIEL – HSH Nordbank AG is today embarking on its future as the first successfully privatised Landesbank in Germany. The commercial bank’s new shareholders, who are independent of each other, are Cerberus Capital Management, J. C. Flowers & Co., GoldenTree Asset Management, Centaurus Capital LP and BAWAG or investment funds launched by these. The sale of all indirectly held shares (94.9 percent in total), which was agreed on 28 February [Link Press Release] , has...
HSH Nordbank: Privatisation marks nine-month results
Stefan Ermisch
- Nine-month Group net income before taxes of € 8 (previous year: 201) million
- Guarantee brings negative impact of € -188 million – including cash settlement for early termination
- Administrative expenses reduced by 13% to € -319 million
- CET1-ratio consolidated at a good level at 16.1% (31 Dec. 2017: pro forma 15.4%)
- Total assets condensed to € 61.3 (31 Dec. 2017: 70.4) billion Leverage ratio very high at 8.1% – solid balance-sheet structure
HAMBURG/KIEL – In the third quarter HSH...
http://www.allaboutshipping.co.uk/2018/11/16/hsh-nordbank-privatisation-marks-nine-month-results/