Massive cocaine hauls in NZ ports and Australian waters
NEW Zealand Customs officers have made major seizures of cocaine in the ports of Tauranga and Lyttelton in the past two weeks, discovering almost 180 kilograms of the Class A...
Faster TT Line terminal but costs balloon
TT LINE’s controversial new East Devonport terminal will be completed earlier than previously forecast but will cost an additional $118 million. The much-delayed Berth 3 terminal...
First quarter mighty for Maersk
A.P. MOLLER-Maersk has lobbed a strong first quarter result, reporting revenue growth of 7.8% to USD 13.3 billion with EBIT increasing to USD 1.3 billion from USD 177 million a...
Speculation over Tauranga sell-down
SUGGESTIONS Australia’s Qube may be lining up a bid for a significant stake in NZ’s Port of Tauranga have been met with silence from the major shareholder in the NZSX-listed...
NZ makes key ferry replacement appointments
FERRY Holdings, the company established by the NZ Government to manage the KiwiRail Cook Strait ferry replacement program, has short-listed six builders. The company’s closed...
Little impact from Patrick shareholder shuffle
PATRICK half-owner Qube Holdings is not expecting changes to eventuate from co-investor Brookfield’s establishment of a new ownership consortium for the Canadian infrastructure...
Tauranga enjoys kiwifruits of its endeavours
AN EVER-expanding kiwifruit harvest has prompted the port of Tauranga, marketer Zespri and Tauranga Kiwifruit Logistics to enter a five-year partnership to grow cargo volumes...
TasPorts, Strait Link ink lease extension
TASPORTS and Bass Strait ro-ro operator Strait Link have signed a non-binding Heads of Agreement for a long-term lease extension at the Port of Burnie’s Terminal 4, which they say...
ITC’s MIT receives first RMGs
INTERMODAL Terminal Company has taken delivery of its first four rail-mounted gantries for the Melbourne Intermodal Terminal at Somerton, in the city’s north. ITC, which is...
Blank sailings as lines try to hold rate shrinkage
AN INCREASING number of blank sailings are creeping into China-Australia schedules – if that’s not a contradiction in terms – as carriers attempt to keep a floor under rates as...
2024 financial year a strong one for Ocean Network Express
JAPAN’s Ocean Network Express has completed its 2024 financial year (April 2024- March 2025) in fine form but as with many contemporaries is very cautious about the year ahead....
Wallenius moves to full ownership Armacup
SCANDINAVIA’s Wallenius Wilhelmsen has moved to 100% ownership of NZ’s Armacup, which originated the Japanese used car trade to Kiwiland in 1989 and has been steadily expanding...
Hapag's bumper Q1 but lower expectations
HAPAG-LLOYD is expecting a lower result in 2025 despite the first quarter producing significantly better returns year-on-year. The German carrier racked up a 17% increase in Group...
VICT orders hybrid straddle carriers
VICTORIA International Container Terminal has placed an order with global port equipment specialist Kalmar for four hybrid automated straddle carriers, each with a 60-ton twin...
Stricken LPG tanker Victoire headed for Fiji
THE LPG tanker Victoire, which broke down in eastern Bass Strait on 4 April and was eventually towed to refuge in Eden, will depart later this week under tow to Fiji for discharge...
