Sharp is to return to the banking sector in New Zealand when his assignment with Yantai Raffles ends on 31 October.

“Mr Sharp has made a strong contribution to the group in several key areas during its dramatic growth phase over the past three years,” said deputy chairman Brian Chang.

Yantai Raffles’ 20,000t capacity gantry crane system, Taisun, has recently completed its second commercial lift, and is to carry out a 17,000t lift, it’s biggest to date, for its third commercial application.