Qube Holdings (ASX:QUB) reports Patrick Terminals has extended their lease with Port of Melbourne - Sequoia Direct Pty Ltd

09SepSeptember 9, 2020

Qube Holdings (ASX:QUB) reports Patrick Terminals has extended their lease with Port of Melbourne

Qube Holdings (ASX:QUB) today announces that Patrick Terminals has entered into lease arrangements extending Patrick’s tenure at the Port of Melbourne to 2066.

Qube holds a 50 per cent interest in Patrick Terminals.

The arrangements secure Patrick’s long term strategic footprint at East Swanson Dock and an adjoining logistics site at Coode Road.

Patrick has recently upgraded its capabilities at East Swanson Dock to handle vessels carrying over 11,000 twenty-foot equivalent unit.

Patrick has entered into a Development Deed with the Port of Melbourne (“PoM”) to cofund and build the rail terminal. The terminal is expected to be complete by mid 2023.

Shares in Qube Holdings (ASX:QUB) are trading 2.14 per cent lower at $2.63.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

19SepSeptember 19, 2021

Stocks of the Hour: Iress, Cimic & Medibank

17 Sep 2021 - A snapshot of stocks on the move, featuring Iress (ASX:IRE), Cimic (ASX:CIM) & Medibank (ASX:MPL).

13FebFebruary 13, 2020

Caltex Australia (ASX:CTX) receive improved acquisition proposal

13 Feb 2020 - Caltex Australia (ASX:CTX) has received a revised, conditional, nonbinding and indicative proposal from Alimentation Couche-Tard Inc. to acquire all of the shares in Caltex by way of a scheme of arrangement at an indicative cash price of $35.25 cash per share.

16FebFebruary 16, 2021

ioneer (ASX:INR) signs an MOU with Caterpillar

16 Feb 2021 - Emerging lithium-boron supplier, ioneer (ASX:INR) has entered into a memorandum of understanding with Caterpillar for the use of Cat’s system for hauling at the Rhyolite Ridge mine in Nevada in the US.

30AprApril 30, 2021

Stocks of the Hour: IOOF, Newcrest, Fortescue, Resolute Mining

29 Apr 2021 - A snapshot of the top stock news for the hour, featuring IOOF (ASX:IFL), Newcrest Mining (ASX:NCM) Fortescue Metals (ASX:FMG) and Resolute Mining (ASX:RSG).

22JunJune 22, 2020

Transurban (ASX:TCL) says traffic recovering as restrictions ease

22 Jun 2020 - Transurban will pay a 16 cents distribution in the six months to June 30.

01NovNovember 1, 2019

Bapcor (ASX:BAP) set to purchase Truckline and Diesel Drive

01 Nov 2019 - Automotive aftermarket parts company, Bapcor (ASX:BAP), has penned agreements to purchase both Truckline and Diesel Drive.

06JanJanuary 6, 2021

Nick Scali (ASX:NCK) first half profit boost expected

05 Dec 2021 - Nick Scali (ASX:NCK) report unaudited net profit after tax for the six months to 31 December 2020 is expected to be $40.5 million, up approximately 100 per cent on the underlying profit for the prior corresponding period.

30JanJanuary 30, 2020

Sandfire Resources (ASX:SFR) maintains full year guidance

30 Jan 2020 - Sandfire Resources (ASX:SFR) has maintained its full-year production guidance for the 2020 financial year, following a strong December quarter.

02MarMarch 2, 2020

Caltex Australia (ASX:CTX) says EG proposal ‘undervalues the company’

02 Mar 2020 - The board of Caltex Australia (ASX:CTX) has concluded that the EG Proposal undervalues the Company and does not represent compelling value for Caltex’s shareholders.

19OctOctober 19, 2022

Stocks of the Hour: Azure Minerals, AuKing, Delorean Corp, Carbonxt Group

19 Oct 2022 - A snapshot of the stocks on the move featuring Azure Minerals (ASX:AZS), AuKing (ASX:AKN), Delorean Corporation (ASX:DEL) and Carbonxt Group (ASX:CG1).