News / New shipping capacity may be set to sail into NZ, but it won't dampen rates

New Zealand could soon get a much-needed capacity boost, with two new shipping lines rumoured to be entering the market, but rates are unlikely to fall from record levels anytime soon, forwarders say.

According to Chris Edwards, group MD at Auckland-based Go Air Land Sea Logistics, Taiwanese carrier TS Lines is in discussions with the main North Island ports and is advertising local jobs.

He added: “The second carrier we cannot name as yet, but it is a significant player in the ...