Australia Backs Down from Dumping Sand at Great Barrier Reef

first_imgWorld Maritime News Staff, September 03, 2014; Image: MUA zoom Plans to dump 3 million cubic meters of dredged sand into the Great Barrier Reef area will not go ahead, according to the Australian Financial Review.The sand would be dredged within the plans to expand the Abbot Point port aimed at transforming the port into the world’s biggest coal hub.The plan is being developed by two Indian firms, Adani Enterprises and GVK  Hancock and North Queensland Bulk Ports.However, environmentalists raised their protest against dumping the sand in the area as it is feared it could damage the reef.The North Queensland Conservation Council has already launched a court case on the matter raising environmental concerns, which if pursued further, could delay the project implementation.According to Australian Financial Review, the companies are expected to come up with alternative dumping points for the project this week.last_img read more

US factory orders increased 07 per cent in May following 2 months

WASHINGTON – U.S. factories received more orders in May from April after two consecutive months of declines, as businesses demanded more goods that signal investment plans.The Commerce Department says factory orders increased 0.7 per cent in May.Core capital goods, such as machinery and computers, rose 2.1 per cent. That’s better than the 1.6 per cent estimated in a preliminary report a week ago and is a good measure of companies’ plans to invest.The increase left orders for durable goods at $469 billion, up 43.5 per cent from their recession low reached in March 2009. But orders are down 2.5 per cent from their post-recession high hit in December.Manufacturing has slowed this year, hurt by declining consumer and business confidence and weaker global demand. by News Staff Posted Jul 3, 2012 10:11 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email US factory orders increased 0.7 per cent in May following 2 months of declines read more