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Article: Ports look beyond their operations; PORT DIVERSIFICATION
- Article from:
- The Press
- Article date:
- October 7, 2009
- Author:
CopyrightCopyright 2009 The Press. Provided by ProQuest LLC. (Hide copyright information)
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Ports can be substantial earners, and not only from core port
operations but other investments. ALAN WOOD examines the potential
benefits to their communities.
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The ports industry has always been partly a story of
diversification, particularly with the need for land either as a
holding pen for freight being pushed through the port or purely as
an investment asset.
Port operators have, over time, taken stakes in other ports, and
tugs operations, cool stores and other asset classes which enable
them to more easily satisfy the demands of their shareholders.
Port Otago, for example, is of the view that it can meet in part
at least a request from its owner, the Otago Regional Council (ORC), ...