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

Wednesday 1st February 2012

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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.


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