OCEANIA

June Oz News Snippets from Dave Mac

18 years ago

The Western Australian Government has approved A$194.1m (US$187m) for capital works in Fremantle. This includes deepening the Inner Harbour and approach channels, and strengthening the North Quay berths. The aim is to cater for container vessels with a draught of 14 metres.

The report looked at the operating and financial performance of 11 major ports that provide financial disclosure, and says some have progressively included market revaluations of their assets into their balance sheets.