Peak season hopes dashed as freight rates slip again
The prospect of a traditional peak season is slipping away with each week that passes ...
Surely the biggest container shipping deal the New Zealand market has ever seen. Two of the country’s largest shippers – diary producer Fonterra and meat producer Silver Fern Farms – through their supply chain joint-venture Kotahi Logistics have committed to pushing some 2.5m in exports through the port and onto Maersk’s ships. In return for the volume commitment from Kotahi, the three-way deal will see Maersk deploy larger ships, which Kotahi has been requesting for a while in search of better economies of scale for its exports, while Tauranga will invest in its facilities to handle the arrival of 6,500teu-sized vessels from Maersk.
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