According to The Australian Financial Review, the Port of Newcastle will set up an eight-person project team this month to do initial designs for a proposed $1.8 billion container terminal with the aim of becoming a trans-shipment hub for the east coast and Asia-Pacific.
The design could reflect the desire of major operators for automated facilities capable of handling much larger ships, as the Port of Newcastle seeks to become a hub that distributes goods to other ports on Australia's east coast, locations via rail, and to other ports in the Pacific, including New Zealand.
The port has met with four of the world's six biggest global shipping lines since December and all are keen on using a container terminal in Newcastle, said chief executive Craig Carmody.
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