The downturn in the oil and gas sector could create a growth opportunity for the local boat building industry, based on the conversion of workboats into luxury superyachts.
Henderson-based superyacht builder Echo Yachts takes a different approach to most manufacturers – its workers have been told to slow down, and now they are setting records.
Shares in marine services business MMA Offshore were lower after the company warned of a profit reduction and no reprieve in the coming financial year.
Transport and logistics company McAleese Group has announced a recapitalisation deal with its financiers and a Hong Kong investments group, which includes de-listing from the ASX and undertaking a $26 million capital raising.
Henderson-based shipbuilder Austal has won four packages of work on littoral combat ships for the US Navy, worth a combined $US5 million ($A7 million).
China's biggest private airline operator is set to take a 13 per cent stake in Virgin Australia, boosting the Australian carrier's access to the burgeoning Chinese travel market.
The competition watchdog has further delayed its decision on the $9 billion takeover of rail and ports giant Asciano, after receiving complaints that the deal would reduce competition in the container logistics business.
Trucking and logistics company K&S Corporation expects to make little, if any, profit in the second half of the 2015-16 financial year after being hit by difficult conditions across the country.
The head of Uber’s Perth division says the state government has ‘double dipped’ by imposing extra costs on the company’s drivers with the introduction of a new mandatory licence fee.
Nationals leader Terry Redman says the party remains opposed to the sale of Fremantle Ports, despite supporting treasurer Mike Nahan's introduction today of a bill to enable a lease of up to 99 years to proceed.
Shipbuilder Austal has signed a $305 million contract to build and maintain Pacific Patrol Boats for the Australian government, however the contract’s price tag was smaller than what the Commonwealth had flagged.
The federal government has signed a $2 billion contract with a group of defence contractors that will ensure maintenance of ANZAC class frigates continues at Henderson for the next eight years.
CTI Logistics has put more of its surplus properties on the market after disclosing that its underlying profit continued to deteriorate during the March quarter, with the business hit by what it said was a severe downturn in activity in Western Australia.
Treasurer Mike Nahan will embark on a regional pitch for the sale of Fremantle Ports, today revealing that the package could include a redevelopment of the passenger terminal, and a long-term fund to pay for infrastructure at the future outer harbour.
Transport Minister Dean Nalder says he can't rule out insider trading by state government staff in relation to a major contract decision, but the corporate watchdog has so far not indicated any concern.
Singapore Airlines could face a battle from a Chinese competitor if it wants Air New Zealand's cornerstone stake in Virgin Australia, according to analysts.
The competition regulator has flagged a fresh review of the $9.05 billion takeover of rail and ports giant Asciano and is examining whether the new cross-ownership deal will lead to any common financial interest among the suitors.
Wesfarmers chief executive Richard Goyder has thrown his support behind the state government’s plan to lease Fremantle Ports, saying the state needs a world-class operator to ensure exports are competitive internationally.
Local shipbuilder Austal has received an order from the US Navy for construction of an 11th littoral combat ship, with the deal worth up to $US564 million ($A735 million).
Competition in Perth’s on-demand transport sector is growing, with a new local player, Shofer, entering the market today to battle disruptive giant Uber and the existing taxi industry.
Virgin Australia's ownership is under the spotlight after the airline's biggest shareholder, Air New Zealand, flagged a full or partial sale of its 26 per cent stake.
International petroleum giant BP has become the first investor in Sirona Capital’s Northern Gateway industrial estate in Muchea, signing a $15 million deal to take up 2.5 hectares in the developmen
The state government’s privatisation program hit more trouble today, with a mining lobby group that represents the users of the Utah Point wharf condemning a lack of consultation on the proposed sale. It follows a move by the National Party on Tuesday to refer the sale legislation to a parliamentary committee.
Airports are raking in millions of dollars in profit from slugging motorists hefty carpark fees, the Australian Competition and Consumer Commission says.
