PNG Ports

PNG Ports records K77m profit

This was announced by Board Chairman, Kepas Wali, when declaring the unaudited annual financial results for 2019.

Chairman Wali said the outstanding performance recorded in 2019 is a result of the collaborated effort by the Board and Management in ensuring sound business decisions and prudent cost control.

Highlights of the 2019 financial year include:

Puma Energy refutes claims of oil spill effects

General Manager Strategy and External Affairs, Hulala Tokome (pictured), told Loop PNG  that a comprehensive land, air and sea survey has evaluated the extent of the oil spill spread from a sub-sea hose connected to the pipeline which feeds its Kanudi Terminal facility.

Government queries status of Lae Port Operation

Minister for National Planning and Acting Minister for State Enterprise and Public Investment, Charles Abel, said this during the week.

Abel said it has always been Governments intention to have a reputable firm manage the Lae Port.

“The Governments intention is to have an international operator come in and utilise that port and generate internationally competitive container movement rates and cordage rates and clearance through that port.

PNG Ports to relocate office

As of February 20th, PNG Ports will be operating out of Credit Corporation Building in Downtown.

A public notice authorised by Acting Managing Director, Stanley Alphonse, states all functions at its former head office along the Stanley Esplanade at Downtown will come to end.

PNGPC says Container Terminal will continue to operate in its current location while Port Operations has already been relocated to Motukea.

SOEs do not pay enough dividends, says Pruaitch

Minister Pruaitch made this comment yesterday after the launch of the Asian Development Bank Pacific Private Sector Development Initiative (PSDI) report titled; Finding Balance 2016 Report on Performance of State-owned Enterprises in Pacific Island countries.

“The Government is borrowing so much to fund State-Owned Enterprises, and we need a policy on dividends payment,” he said.

ENB government looks into landowners concerns

Disgruntled landowners took to the street of Rabaul town last Thursday closing down all port facilities, including the main entrance to the PNG Ports gate.

Acting Provincial Administrator for East New Britain, Wilson Matava, had gone to the landowners paying an amount of traditional shell money (tabu) to negotiate for the port gates to be re-opened of which Vanmark shipping at Atham Wharf and the PNG Ports Services were reopened soon after.

PNG Loop's 5 @ 5

Milne Bay prepares for festival

The people of Milne Bay Province have been preparing for the Kenu and Kundu festival which will begin tomorrow and end on Sunday.

PNG Ports seeks talks on controversial tender

PNG Ports seeks talks on controversial tender

This comes after Port Moresby port workers went on strike calling for the government to re look at the tender process of awarding stevedoring businesses in two of the nation’s busiest ports.

PNG Ports maintains that all avenues of negotiations with Steamships and its landowner partners to accommodate their interests have not been exhausted.

Consultations and negotiations will start late this month with a view towards structuring “a mutually beneficial outcome’’.

Wharfies stop work over stevedoring deals

Armed with banners of stop work, the workers lead by the Maritime Union President Alex Rawali turned up  at the Port Moresby wharf gate this morning to show their intention.     

Their disagreement is similar to their striking counterparts in Lae, Morobe Province where they want PNG Port and the Government to relook at the tender process of awarding stevedoring businesses in two of the nation’s busiest ports.   

After the ending of the tender process four international companies have been shortlisted for the process.