Central Coast Council has revised its Coastal Zone Management Plan for the northern coastal areas and is seeking community feedback on the proposed changes.Council has worked with the NSW Office of Environment and Heritage to review the Wyong Coastal Zone Management Plan (WCZMP 2017) in response to changes to NSW legislation and improved information about coastal hazards.The plan will be on public exhibition until 13 June 2017, said the official announcement.Council Group Leader, Mr Mike Dowling, said that the draft plan aims to address risks from coastal hazards and outlines actions to improve the environmental and community benefits for the Coast.“A plan for the former Gosford City Council area has now been sent to the Minister for the Environment for final endorsement but while this Plan is similar in design and intent, we must and want to seek community feedback on the changes,” he said.“Without a proper plan in place to cover our coastal areas, we cannot apply for State Government funding to help manage coastal hazards and other issues effectively.”After 2011, it was apparent that for some areas of the former Wyong Shire coastline the potential risk from coastal and landslip processes was not clearly defined. Council undertook a review of the hazards information to better define the coastal and geotechnical risks to the entire coast in the former Wyong Shire.The revised hazards mapping is documented in the draft WCZMP 2017 to go on exhibition.To assist the community to review the draft WCZMP 2017 and to discuss their concerns and ideas, two community drop-in sessions (26 May and 5 June) will be held during the public exhibition period.
Danish shipping company Dampskibsselskabet Norden A/S returned to black in 2017 driven by a strong performance in the fourth quarter of the year.The company’s profit for the year ended December 31, 2017 was at USD 24.6 million, compared to a loss of USD 45.6 million reported in the previous year. Revenue for the period increased to USD 1.8 billion from USD 1.25 billion reported in 2016.Norden’s Dry Cargo and Tankers businesses each reported an adjusted result of USD 14 million, against USD -52 million and USD 17 million seen in 2016, respectively.In mid-2017, Norden Dry Cargo split into two distinct business units, namely Dry Operator and Dry Owner. The company said that the new business units were off to a good start in improving markets, as Dry Operator adjusted result for second half of 2017 reached USD 12 million and Dry Owner adjusted result for second half 2017 were at USD 19 million.“Based on a strong performance in the fourth quarter, Norden delivered the first positive result in 5 years. With a new, agile business unit in the form of Dry Operator, a substantial cyclical exposure in both Dry Owner and Tankers and a skilled organisation with a winning mentality, Norden is well-positioned to 2018,” Jan Rindbo, Norden CEO, said.Norden said that it expects its adjusted results for 2018 to be in the range of USD 10 to 50 million based on a continued gradual improvement in the dry cargo market and a tanker market that after a weak start to the year is expected to improve slightly.