Port Otago

'Taiaroa' due soon

'Taiaroa' due soon

Port Otago's new $11 million tug Taiaroa is about halfway on its delivery voyage from Vietnam and is due to arrive in Port Chalmers later this month.

Bigger ships expected

Bigger ships expected

Visits by larger container ships are on the horizon following commitments made by freight company Kotahi to the Port of Tauranga, Timaru's PrimePort and the world's largest shipping company, Maersk.

Not in race to deepen shipping channel

Port Otago does not expect to be forced into a race with competitor Lyttelton Port of Christchurch (LPC) over their respective plans to deepen shipping channels, with the possibility of larger container vessels coming to New Zealand in the near future.

Changes to stay

Last year's ''well publicised issues'' concerning operators and cruise ship passengers at Port Otago are over.

Bumper year for Chalmers

Bumper year for Chalmers

Port Otago's property subsidiary Chalmers Properties has increased its asset value from $83 million a decade ago, with subsequent purchases and developments, to recently push beyond $250 million for the first time. Senior business reporter Simon Hartley talks to Chalmers Properties general manager David Chafer about its widespread portfolio of investments, and market conditions.

Port Otago banks on future

Port Otago banks on future

Port Otago's land banking in Dunedin's upper harbour is slowly being expanded around Fryatt St, with five separate properties now covering about 6ha.

Warning over council income

Being able to keep its general rate increase to 2.49% is good news but it is only thanks to the Otago Regional Council's ownership of Port Otago and its good investments, Cr Michael Deaker says.

Sea trials soon for tug

Sea trials soon for tug

Port Otago's new $11 million tug is on track to be launched this month in Vietnam for fitting out and sea trials, and is expected to be delivered and ready for service on Dunedin's harbour in August.

Lyttelton resumes dividend payments

Port Otago can look forward to some return on its 15.5%, more than $50 million stake in rival Lyttelton Port of Christchurch, which is resuming dividend payments after three and a-half years.

Port dredging deposits court battle avoided

An Environment Court battle over Port Otago's proposal to continue depositing dredging material at Aramoana, Heyward Point and Shelley Beach has been avoided.

Syndicate content