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.
The first phase of $100 million of infrastructure spending by
Port Otago was announced yesterday. A contract has been
signed for a new $11 million tug, plus two container straddle
crane orders worth $2.5 million.