Port Otago

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.

LPC shares hit new high

LPC shares hit new high

Lyttelton Port of Christchurch (LPC) shares soared to a record high yesterday, prompting Port Otago to confirm that in February next year it will, for the first time, consider whether to sell its stake.

Slipway readied for new cradle

Slipway readied for new cradle

A replacement lifting cradle is scheduled to be craned into place at Port Otago's Kitchener St slipway next week.

Waipori Fund improves to $76.3m

Waipori Fund improves to $76.3m

The return to health of the Dunedin City Council's multimillion-dollar Waipori Fund should not encourage councillors to consider selling it, the fund's head has warned.

Society to appeal dredging consents

The Surfbreak Protection Society has lodged an appeal in the Environment Court against Port Otago's consents to continue depositing dredging material at Aramoana, Heyward Point and Shelley Beach.

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