Kangaroo Island Plantation Timbers Ltd (KIPT) has announced that it has signed a Memorandum of Understanding (MOU) with Flinders Ports Pty Ltd, under which the parties will work together on an exclusive basis to achieve a port operating model for KIPT’s propose Kangaroo Island (KI) Seaport. Source: Timberbiz
The model should produce an optimal solution for the port owner, port operator and port users, having regard to the outcomes achieved by Flinders Ports at the other South Australian ports that it variously owns, operates or provides port management and related services.
Flinders Ports is one of South Australia’s leading port operators, with seven ports located at Pt Adelaide, Pt Lincoln, Pt Pirie, Thevenard (Ceduna), Pt Giles, Wallaroo and Klein Point.
It operates and provides services at other third‑party ports in South Australia.
The MoU commits the parties to work together for a mutually beneficial outcome and sets out a process for progressing towards a full port operating agreement, by locking in agreed milestones as a condition for maintaining exclusivity.
The parties also have agreed in the MoU to share and protect each other’s intellectual property in relation to marine operations at the KI Seaport.
