Overview

• Prime Minister Anthony Albanese has launched a process to revoke Landbridge’s 2015 lease, citing national security concerns over Chinese ownership.
• Cerberus Capital Management has partnered with freight operator Toll to propose a US-backed acquisition of the port’s lease from Landbridge.
• Canberra is also seeking bids from Australian investors to ensure the port remains under local control.
• China’s ambassador Xiao Qian has condemned the plan as punitive and warned of diplomatic and economic repercussions if the lease is forcibly terminated.
• The port’s proximity to the Larrakeyah Defence Precinct and its support for 2,000 rotating US marines highlight its strategic military and trade significance.