Oceania

A report prepared for the Port of Newcastle has raised the possibility of increasing breakbulk volumes through the port by developing land previously occupied by a steelworks.

New Zealand’s largest export port, Port of Tauranga, is expecting a comparable 2.2% to 7.4% rise in net after-tax profit to between NZ$79m and NZ$83m in the 2016-2017 financial year.

Transport services are largely returning to normality in New Zealand following the 7.8-magnitude earthquake which hit the upper east coast of the South Island at 12.02am on November 14.

DP World Australia is to proceed with a container terminal at Burnie, a decision applauded by the Tasmanian Government.

Southern New Zealand ports, PrimePort Timaru and South Port, have both returned strong financial year results.