Simon Hartley

Container ship towed after near miss

A container ship which lost power while navigating Otago Harbour was pulled into deeper water by a tug - having had a near miss with the shipping channel's sandbank.

Profit-taking drops Pacific Edge share price

Profit-taking and unease over Pacific Edge's plunging share price have resulted in its shares shedding more than 60% in value during the past six months.

'Taiaroa' welcomed

'Taiaroa' welcomed

Port Otago's new workhorse tug Taiaroa arrived in Port Chalmers yesterday, following a 40-day delivery voyage from Vietnam.

A2 shares spike 10% on receiving approval

A2 shares spike 10% on receiving approval

Shares in the A2 Milk Company spiked almost 10% yesterday - from a 15-month low - after the announcement it had clinched Chinese regulatory approval to export infant milk formula.

Phosphate dredging reaction

Submissions for Chatham Rock Phosphate's proposal to suction-dredge phosphate from the Chatham Rise sea floor appear to have generated less opposition than the separate proposal to dredge iron sands off Taranaki's sea floor.

Macraes mine life shortened 3 years

Macraes mine life shortened 3 years

Low-cost gold production by Oceana Gold in its new Philippines mine is buoying operations and paving the way to slashing debt in the year ahead.

Second monthly drop in June

Second monthly drop in June

Manufacturing across the country just remained in positive territory for June, but the Otago-Southland region was out of step, booking two consecutive months of contraction.

Housing asking prices at record levels as pressure continues

House sellers nationwide are asking more than ever for their properties. Aucklanders want a record $732,240 and Central Otago Lakes is in second place, up 10.5% at almost $670,000.

Low prices hit crews

Low prices hit crews

The 25% plunge in international log prices foreshadows tough times ahead for southern forestry contract crews as smaller forestry lots are held back from sale.

Engine problem delays arrival of new tug

Engine problems have forced Port Otago's new $11 million tug Taiaroa, on its maiden voyage to Port Chalmers, to divert to Lyttelton's dry dock.