Latest news with #PortOfDarwin
Bloomberg
5 days ago
- Business
- Bloomberg
Not All Ports Are a National Security Threat
Australia's northernmost maritime gateway has become a lightning rod for the fragile relationship between the US and China — but while national security concerns are warranted for many of the ports that Beijing controls or owns, this is hardly the one to worry about. President Donald Trump's trade war has meant that almost everything to do with China is now viewed through the lens of geopolitics. In 2015, the privately held Shandong-based Landbridge Group — a Chinese logistics, infrastructure, and petrochemical firm — secured a 99-year lease for the strategically significant Port of Darwin, located just off the coast of the Indonesian border and near military bases that routinely host rotations of US Marines in Australia.
ABC News
6 days ago
- Business
- ABC News
Darwin Port owner defends 99-year lease as future hangs in the balance
Landbridge, the Chinese-owned business that operates the Port of Darwin, is defending itself against what it calls a campaign of 'myths and mistruths'. The company wants to retain control of the Port while the federal government has vowed to end its lease, which has long been controversial. Matt Garrick reports from Darwin.
Bloomberg
10-06-2025
- Business
- Bloomberg
Australia Tackles Diplomatic Row Over Chinese-Owned Port
The Australian government is confronting a fresh diplomatic dilemma with Beijing: how to fulfill a pledge to regain control of the strategic Port of Darwin from a Chinese company. The Australia-China Relations Institute thinks the issue has been driven by domestic politics and will not trigger a downwards spiral in bilateral relations. ACRI Director James Laurenceson talks about Canberra's plan and the global trade turmoil on "Bloomberg: The Asia Trade." (Source: Bloomberg)
Bloomberg
05-06-2025
- Business
- Bloomberg
Former Australian Prime Minister Turnbull on Chinese Ownership of Darwin Port
Former Australian Prime Minister Malcolm Turnbull discusses Chinese ownership of the Port of Darwin in an interview with Bloomberg Television. Turnbull says "our assessment at the time was that this wasn't a security issue," but adds that the shifting geopolitical landscape means "there's a discomfort about a Chinese company owning port facilities" in the country. (Source: Bloomberg)
Bloomberg
05-06-2025
- Business
- Bloomberg
Ex-Australia PM Says He Could Have Halted Port Lease to Chinese Firm
Former Australian Prime Minister Malcolm Turnbull said he could have halted the lease of the Port of Darwin to a Chinese company shortly after coming to power a decade ago — pulling the plug on a deal the US 'never liked.' The center-right former leader told Bloomberg Television on Thursday that at the time security agencies had assured him there were no concerns about the deal. The Northern Territory government had made the decision to lease the port for 99 years to Landbridge Group shortly after Turnbull took office in September 2015.
