New Zealand: PrimePort Timaru Posts First-Half Loss

PrimePort Timaru Posts First-Half Loss

PrimePort Timaru has released its six-month report to December 31, 2011. The projected June 30 year end result is forecasted to show a loss of $200,000, compared to a profit of $2.08 million for the same period the year before.

“This is a significant decrease on last year’s profit of $844,000. While this is a very disappointing result the port has incurred extra ordinary expenditure over this period,” PrimePort chief executive Jeremy Boys said.

Dredging costs are significantly higher than typical and represent more than one event,” Boys said.

The financial statement shows dredging had cost $1.02m for the first six months, compared to $248,000 for the same six-month period the year before, which came in at $1.357m at the year end.

Dredging Today Staff, March 6, 2012; Image: teara

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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