Shipping Sector

Most of the West Coast Ports will Remain Shut for the Next Four Five Days

Most of the West Coast Ports will Remain Shut for the Next Four Five DaysThe troubles arising from labour dispute in the West Coast waterfront, which seemed to be dispersing slowly has taken a worse turn.

As the crisis worsens it is expected that the twenty nine West Coast seaports which handle goods that is worth approximately $1 trillion in a year, will remain closed for the coming four or five days.

Prosecutors Say, Contractor Hired for Rebuilding the World Trade Center Deceived the Port Authority

Prosecutors Say, Contractor Hired for Rebuilding the World Trade Center Deceived the Port Authority On Thursday the federal prosecutors accused Larry Davis, 63, from Missisauga, Ontario of deceiving the Port Authority to think that his firm qualified as a minority-owned enterprise. Larry is a Canadian who has got about $1 billion worth of contracts for restructuring the World Trade Center as well as its transportation hub.

Stena Allegra The Replacement ferry for Aratere docks in Wellington

Stena AllegraAs a replacement for the crippled interislander Arater, a Polish ferry has docked in Wellington.

Redevelopment of Lyttelton Port Planned at more than$1 billion

Redevelopment of Lyttelton Port Planned at more than$1 billion It was heard today that NZX-listed Lyttelton Port Company the listed will start a $465 million earthquake reinstatement and development plan in late November .

To upgrade its port facilities it will spend more than $1 billion over the next 20 years.

These improvements will allow better public access and for cafes to be developed in the inner harbour.

LPC requires more funds

LPC requires more funds The NZX-listed Lyttelton Port Company owned by Christchurch city and Port Otago has received $53 million from its insurers but it needs $465 million to re-establish its earthquake-damaged facilities.

Chairman Trevor Burt and chief executive Peter Davie told the share holders at the annual meeting today about plans for redevelopment worth $500 worth to be completed over the next 20 years in addition to the reinstatement.

Some Serious Gains Expected from Port of Tauranga

Some Serious Gains Expected from Port of TaurangaIt seems New Zealand is expecting some serious gains from Port of Tauranga, which is considered to be the country's largest export port.

As per a research paper, it has been unveiled that the port company is expected to spend around $48 million a year in order to actualize its dredging plans.

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