South Port's surplus crane sold for US$1.13M

South Port New Zealand, which operates the nation’s southern-most port at Bluff, has sold its surplus mobile harbor crane to a Bahamas-based company for US$1.13 million.

“The Liebherr LHM 320 crane which is being sold was replaced by a larger and more modern crane approximately 12 months ago and this new plant is servicing the company’s customers very effectively,” chairman, Rex Chapman in a statement to the NZX.

The crane will be transported from Bluff in March using a heavy lift vessel.

An updated forecast profit for the 2012 financial year, including the impact of the crane sale will be given when the port’s interim profit is released on Feb. 9, the company said.

Shares in the company last traded at $3.50.

(BusinessDesk)

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Six60 x SYNTHONY join forces for the first concert at One NZ Stadium
December 4th Morning Report
WCO - WasteCo appoints Stephen Towsen as Chief Operating Officer
December 3rd Morning Report
Devon Funds Morning Note - 02 December 2025
December 2nd Morning Report
SkyCity Announces Official Opening Date for NZICC
December 1st Morning Report
RAK - 1H26: Strong first half growth and strategic momentum
Green Cross Health Interim Results to 30 September 2025