Darwin Port Operator Faces Financial Challenges Amid Concerns

Landbridge, the Chinese company operating Darwin Port in Australia, has announced financial struggles, raising the possibility that the Northern Territory (NT) government could revoke its 99-year lease of the facility.

Landbridge Infrastructure Australia secured the long-term lease nine years ago but has consistently reported annual losses. Its parent company, Shandong Landbridge Group, is reportedly facing even more severe financial difficulties.

“Our immediate focus is to ensure the port remains operational while its longer term future is confirmed,” the NT government said in a statement.

The situation has sparked questions about the port’s future ownership and operations, as authorities work to maintain uninterrupted functionality during this period of uncertainty.