Acting Prime Minister inspects site of $44 million upgrade for Narrabri to Turrawan line

first_imgActing Prime Minister inspects site of $44 million upgrade for Narrabri to Turrawan line Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack and local MP and Minister for Regional Health, Regional Communications and Local Government Mark Coulton have today inspected the site of the recently announced Narrabri to Turrawan line upgrade.Mr McCormack said the Australian Government last month committed $44.7 million for the Australian Rail Track Corporation to upgrade 35 kilometres of the Narrabri to Turrawan Line between the Hunter Valley Coal Network and Inland Rail.“We are investing in this project to greatly improve the quality and capacity of this crucial rail connection, better linking northern New South Wales, Inland Rail and the Port of Newcastle,” the Deputy Prime Minister said.“This upgrade will allow longer and heavier freight trains from Northern NSW – transporting food and fibre – to access the Newcastle and Sydney Ports.“Greater volumes of freight moved on each train will reduce transport costs and make Australian exports more competitive.“The project will replace steel and timber sleepers with heavy-duty concrete ones, upgrade critical level crossings and improve the rail quality on the Narrabri Coal Junction to Turrawan section, as well as the Turrawan to Narrabri North section.“Our strong investments in region-defining rail projects like this are all about getting our farmers’ world-leading produce to market.“The Australian Government remains focused on creating jobs, backing businesses and driving our nation’s economic recovery from the COVID-19 pandemic by continuing to get funding flowing and shovels in the ground on road and rail projects under our record $110 billion infrastructure plan.“This project will do that by fostering further economic growth, delivering the confidence producers and businesses need to expand and diversify, creating jobs and encouraging local investment to provide an ongoing boost to local communities and the economy.”Federal Member for Parkes and Minister for Regional Health, Regional Communications and Local Government Mark Coulton said the project will enhance the region’s supply chain and support local industries.“The new load specifications are directly compatible with Inland Rail, meaning the Narrabri to Turrawan Line upgrade will provide a boost for the local farming community and other businesses using the rail line,” Minister Coulton said.“During my recent visit to the Port of Newcastle, it was clear to see the many benefits of our freight rail investments, so it’s with great excitement we inspect the upgrade site in Narrabri today.“I’m proud to be part of a Government that is investing in regional communities and creating the environment for regions to grow and prosper, including the North West.”The project will deliver an improved corridor capable of 25 Tonne Axle Load (TAL) trains going at 80 km/h to replace the current ageing, 20.5 TAL track. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, Australian Government, Australian Rail Track Corporation, communications, Deputy Prime Minister, environment, Federal, Government, infrastructure, Local Government, Narrabri, New South Wales, Newcastle, NSW, Parkes, Prime Minister, regional development, Sydneylast_img read more

News / Customer trust restored, claims HMM chief – now we need to work better together

first_img In his traditional new year message to staff, HMM president and chief executive Chang Keun Yoo has called on employees to help “put an end to this difficult period” by improving communication between departments.The South Korean carrier lost over $500m in the first nine months of last year, but has gambled its future on a $2.6bn order of 12 23,000 teu and eight 14,000 teu vessels stemmed for delivery from 2020, which it claimed would help achieve a “sustainable profit-generating structure”.The newbuilds will all be equipped with exhaust gas cleaning scrubbers, allowing the ships to consume cheaper heavy fuel oil after the IMO’s 0.5% sulphur cap comes into force on 1 January 2020.“In order to operate 12 containerships of 23,000 teu class from the second quarter of 2020 without interruption, all departments including sales, management, operations and IT need to cooperate and prepare carefully together,” said Mr Yoo. “To this end, we will have to reform our global organisation in preparation for operating upsized vessels through reorganisation as well as the complementation and relocation of human resources.”The arrival of the ULCVs will coincide with the expiry of HMM’s three-year slot charter deal with the 2M alliance on the Asia-North Europe trade.It seems unlikely that the agreement will be extended and The Loadstar understands HMM is already in discussions with the Ocean and THE alliances with a view to making an application to join.The current arrangement with the 2M’s Maersk Line and MSC, with HMM as a junior partner, has been frustrating for the carrier with several executives complaining to The Loadstar that they were “always the last to know” regarding ship operations, resulting in uncomfortable meetings with customers over container shutouts and vessel diversions.In an endeavour to mitigate the commercial damage, HMM launched a standalone AEX “express” loop in April last year between Asia and North Europe, deploying 10 4,600 teu panamax vessels. However, in July the carrier announced that it was suspending the direct call at Southampton due to “reliability and schedule integrity” issues.The UK call was reinstated in October to compensate for the 2M’s decision to temporarily suspend its AE2/Swan loop.In his message, Mr Yoo boasted of HMM’s “quantum leap” of achieving carryings of 4.5m teu last year, compared with 3m teu in 2016 when the carrier was restructured after near-financial collapse, which also saw larger compatriot Hanjin Shipping go bankrupt.Mr Yoo said the jump in liftings was evidence of the “restored trust of our customers”.HMM’s ULCV orders, along with its losses (the carrier also racked up a trading deficit of $1.1bn in 2017), are being covered by funding of $5.4bn from the state-owned Korean Ocean Business Corporation (KOBC), which has led to a storm of protest from European and Japanese shipping associations who have accused the South Korean government of “unfair competitive distortions”.Hapag-Lloyd’s chief executive, Rolf Habben Jansen, said: “We think it is very important that we have a level playing field and we are not in favour of government subsidies in the form that it is being done with HMM.” By Mike Wackett 07/01/2019center_img Hyundai Dreamlast_img read more