Foresters, ports watching for March virus impact

Fri, 28 Feb 2020

Foresters and ports are preparing for further deterioration in log exports on signs Chinese wharves may be close to capacity as coronavirus keeps large parts of the world’s second-largest economy shut.Port of Tauranga today trimmed its full-year profit forecast on risks that trade disruption will continue, noting that logs had been hit hardest to date and that ship cancellations and delays were likely to continue into March.Eastland Group, which operates Gisborne’s port, is moving only about 20 percent of its usual log volume and is preparing f...

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