AAPT's closest peer is Queensland-based DBCT
Finance Pty Limited (BBB-/Stable), the financing vehicle for the operator of DBCT
, which like AAPT, is a single-purpose coal export terminal but with a higher capacity of 85 mtpa.
Monthly daily average queue lengths for the terminal have not breached 40 ships since 2010, according to DBCT
Management data dating from April 2009 to June 2017.
Market participants have raised strong concerns about Brookfield s ability and incentive to favour Pacific National through its Brookfield Rail and DBCT businesses.
The ACCC notes that state access regimes are in place, which cover Brookfield Rail and DBCT.
was recently expanded to 85 million tonnes a year and BHP Billiton Mitsubishi Alliance is currently examining increasing the capacity of its dedicated Hay Point terminal from 44 million tonnes a year to about 55 million tonnes.
The Dalrymple Bay Coal Terminal (DBCT) is a port facility located in Queensland, Australia, which exports metallurgical and thermal coal mined in the Bowen Basin region of Queensland.
In an average week, more than one million tonnes of coal arrive at DBCT by rail, from 15 mines throughout the Bowen Basin.
IT operates the Dalrymple Bay Coal Terminal (DBCT
P/L is Queensland's largest coal export terminal.
The rating reflects DBCT
's ongoing stable cash flows provided by take-or-pay contracts mainly with low-cost metallurgical coal mines and the ability to socialise revenue losses from a user default or non-renewal of a contract.
Finance Pty Limited (DBCT
Finance) (BBB-/Stable) is AAPT's closest peer.
Sydney: Moody's Investors Service has today downgraded the senior secured rating of DBCT
Finance Pty Ltd.