Maersk launches coastal shipping service in NZ 'to restore reliability'
Maersk has launched a dedicated coastal shipping service in New Zealand, aiming to “restore network ...
PLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GODHL: NEW CFO APPOINTMENT
PLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GODHL: NEW CFO APPOINTMENT
It appears the days of Auckland as a major port for New Zealand are set to come to close after a government-commissioned study concluded that its cargo operations should be moved. This exhaustive report from WorldCargo News details how landside pressures have made operations at Auckland increasingly expensive – both economically and socially. It currently appears that Northport, located some 145km away, is the favourite to handle its cargo, but expect a long battle from the Ports of Auckland executive: “Ports of Auckland CEO Tony Gibson has slammed the report as a ‘jumble of made up facts’, in particular with regard to its its valuation of the port’s property. ‘This is the fifth port study in my eight years as CEO and, well, let’s say it’s not the best’, he said.”
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