LPC 0.00% $4.00 lyttelton port company limited (ns)

Ann: GENERAL: LPC: LPC UNVEIL FOUR NEW STRADDLES

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    LPC
    21/08/2013 12:54
    GENERAL
    
    REL: 1254 HRS Lyttelton Port Company Limited (NS)
    
    GENERAL: LPC: LPC UNVEIL FOUR NEW STRADDLES
    
    Lyttelton Port of Christchurch (LPC) today officially unveiled four new
    straddle carriers, increasing the current fleet from 18 to 22.
    
    The investment was made in response to huge demand in container trade and to
    support the future growth of the business.  Container trade has increased by
    more than 20% in the past two year and expected to double in the next eight
    years.
    
    The new straddle carriers, purchased from Liebherr Container Cranes, are
    diesel electric and will stack one over two high.  They are linked to the
    ports computerised container tracking system and are supplied with a 50t twin
    lift spreader.
    
    The straddles were all signed off last week and have begun operations at the
    container terminal in Cashin Quay.
    
    "The new diesel electric straddle carriers will deliver improved productivity
    and energy efficiency," said LPC Chief Executive, Peter Davie.
    
    "The investment in infrastructure is expected to have an immediate impact on
    port efficiency but forms part of a strategy to set a platform for future
    growth."
    
    The straddles are a part of a $21m investment in infrastructure that also
    includes a ship-to-shore gantry crane which is expected to be delivered in
    the latter half of 2014 and is timed to coincide with the Cashin Quay berth
    reinstatement programme and development work for the Terminal.
    End CA:00239985 For:LPC    Type:GENERAL    Time:2013-08-21 12:54:29
    				
 
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