This Month
Shipping giants face surging demand before tariffs hit global freight
Executives at big maritime transport businesses and ports warn consumers could get hit with higher prices as importers scramble “to get cargo in under the wire”.
Trump trade war shakes up shipping and ripples to Australia
International shipping lines are cancelling scheduled port calls or entire voyages and some are preparing to idle vessels with crew aboard as cargo volumes drop.
US-China trade war could lead to cheaper goods for Australian consumers
Ruslan Kogan, founder of online retailer Kogan.com, says Chinese manufacturers lumped with extra capacity could direct goods to Australia.
Sydney Airport takes $46m write-down on deferred hotel, transport hubs
It is postponing some projects as it overhauls its business strategy and prepares to deliver a new 20-year master plan.
March
Building giant says low bids from global rivals put projects at risk
The managing director of CPB Contractors says multi-billion dollar infrastructure work is coming unstuck because some big rivals don’t understand local cost.
How the builder of the Sydney Metro is adapting to Donald Trump
Five years after a $1 billion loss, Juan Santamaria has changed the way construction giant CIMIC works to avoid US tariffs and ride the data centre boom.
IAG seeks to delay trial on $7b Greensill insurance claims
Greensill Capital’s biggest insurer is less than a year away from defending claims that were lobbed after Lex Greensill’s financing firm collapsed in 2021.
Airport ‘super profits’ back as revenue hits record
Australia’s biggest airports were flush in 2023-34 despite the number of travellers remaining below pre-pandemic levels.
Melbourne blowouts tip John Holland into $55.5m loss
The construction giant slid into the red from a profit of almost $100 million a year earlier due to “project delivery issues” and cost blowouts.
Optus considers bundling sports streaming with mobile plans
The Singaporean-owned group has been weighing up whether to sell off its streaming business, which holds the broadcast rights to English Premier League matches.
Optus has had some horror years, but its new CEO is taking on Telstra
From overhauling the books at Melbourne Storm to war gaming the impact of COVID-19 on the NBN, Stephen Rue is a solutions guy. Optus is his next big challenge.
ACCC warning on DP World’s $174m takeover sends Silk shares diving
The purchase of the ASX-listed warehousing and port services group by the global stevedore could lessen competition and send the price of goods higher.
AustralianSuper’s Indara reviews ‘smart city’ assets as losses mount
Australian Super’s loss-making telcoms tower business, Indara, is reviewing its troubled smart city infrastructure businesses as it searches for a new boss.
February
TPG Telecom says regional push is growing customer numbers
The country’s third-largest telco, which owns Vodafone and iiNet, is sharing a network with Optus, and hopes this will increase its mobile market share.
Snowy 2.0 dig shut down after shrapnel flies from fan
The incident could cause further delays to the project, which has been plagued by overruns including when the tunnel boring machine was bogged for over a year.
Optus customer executive the first to leave under new CEO Stephen Rue
Maurice McCarthy’s resignation marks the first big executive departure under new boss Stephen Rue as he tries to restore the embattled telco group’s reputation.
Atlas Arteria tries to claw back $20b in lost returns on US toll road
The ASX-listed company, partially owned by IFM Investors, says the state of Virginia tried to force the Dulles Greenway toll road near Washington DC into bankruptcy.
Worley expects profit boost from Trump energy policies
The engineering group’s shares jumped 11 per cent after it announced a $500 million share buyback and said it would benefit from a resurgence in fossil fuel projects.
How to fly green without the carbon offset ‘accounting trick’
Does ticking the carbon offset box and paying loose change to plant a few trees really make a difference?
Labor says it will back high-tech bush mobile phone satellite network
The proposed law would oblige and support companies like Telstra, Optus and TPG Telecom to extend coverage across the country even where there are no towers.