SPECIAL REPORT: Amid controversy surrounding Roe 8 and the privatisation of Fremantle Port, a shift to an outer harbour in Cockburn Sound is a question of when, not if, according to proponents.
Transport and logistics business McAleese Group has flagged an impairment of up to $55 million in its half-year accounts, while remaining quiet on speculation of a recapitalisation plan.
The new chief executive of Western Australia’s oldest company, and one of the state’s biggest trucking and logistics operators, believes there are growth opportunities across most parts of the business despite the downturn in mining and resources.
The state government plans to appeal last month’s shock Supreme Court ruling that overturned approval of the Roe 8 highway project, while also announcing it intends to proceed with a new environmental review of the project.
The federal government will spend $8.5 million to change the traffic lines on all Mitchell and Kwinana freeway on-ramps in an effort to improve traffic merging and remove the stigma widely associated with Perth drivers.
Stephen Pollard reckons there aren’t many industries where uniforms come in size 5XL, but the chief executive of contracting and materials company All Earth Group, who spends his days surrounded by big equipment and a workforce of big blokes, is on a mission to prove less is more.
Mining services company Ausdrill has announced plans to sell its underperforming DT HiLoad truck tray manufacturing business, and is in discussions with several interested parties.
Geraldton company Bhagwan Marine is set to expand its presence in northern Australia after striking an agreement to purchase a fleet of vessels for $25 million; a third of the price the previous owner paid just three years ago.
Austal has won a $63 million contract to build two patrol boats for the Australian Department of Defence, with the terms of the deal signed with National Australia Bank including a buy-back clause.
Shares in shipbuilder Austal plummeted 25 per cent today on news that problems at its US operations could shave up to 2 per cent off its profit margin there.
Kewdale company Goldstar Transport has struck a deal to buy the major assets of MJ & CM West Transport Services, nine months after another Pilbara-focused transport business changed hands.