Why Darwin Port struggles to excite potential buyers
Chinese firm Landbridge won an auction with 33 interested parties in 2015 for the tricky and political Port of Darwin. It was a very different time to now.
The Port of Darwin is not going to sell like hotcakes.
It is small, bitsy, not on the map as far as the world’s big shippers are concerned, and it’s now so wrapped up in government red tape and “strategic” asset-ness that it is hard to see anyone offering the sort of money China’s Landbridge paid in 2015.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
