Beleaguered bulk carrier departs Port of Tauranga

Beleaguered bulk carrier departs Port of Tauranga
The ageing vessel was carrying logs from China Forestry Group Corporation NZ when it lost its rudder. (Image: Kiwi Does Stuff, Facebook screenshot)
Oliver Lewis
Five months after it lost its rudder, triggering maritime investigations and a commercial dispute over its cargo of logs, the Achilles Bulker has finally left Port of Tauranga.The ageing bulk carrier, which has been shuffled between berths since July 24, departed the port on Thursday, towed by the Vallianz Prestige. According to the Port of Tauranga website, the two ships were en route to the Chinese city of Zhoushan. However, Marine Traffic, a ship tracking website, said the next port of call was in Indonesia.After the mishap with its rud...

More Primary Sector

Scales spends $104m to lift ownership in Australian joint ventures
Primary Sector

Scales spends $104m to lift ownership in Australian joint ventures

Scales Corp is lifting its ownership in several Australian joint ventures for A$91.05 million (NZ$104m). Both Meateor Australia and Fayman International will become 100% owned subsidiaries, and ANZ Exports will now be 85% owned.The total price includes A$49.4m payable in cash tod...

Staff reporters 30 Sep 2025
$400m in, $307m out: Synlait finally sheds Pōkeno
Primary Sector

$400m in, $307m out: Synlait finally sheds Pōkeno

From almost collapse to closing in on no debt, deal closes book on Pōkeno.

‘Good value’ for Fonterra farmer shareholders
Primary Sector

‘Good value’ for Fonterra farmer shareholders

Independent report supports Fonterra Mainland sale to Lactalis, warns on China.

Garth Bray 29 Sep 2025