Port Otago reports substantial profit
NewsPort Otago’s 2023/24 financial report reveals a 30% increase in net profit, reaching NZ$ 30.4 million (US$ 19 million), driven by four core business units.
Port Chalmers in New Zealand has been ordered by the Environment Court to buy or soundproof up to 70 nearby homes exposed to sound pressure over 65 dB(A) from port operations, or to reduce the interior noise level to 40 dB(A). Mitigation measures also have to be negotiated where houses are exposed to 55-64 dbA.
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