NZ fuel tankers scuttled?

NZ fuel tankers scuttled?
Refining NZ is ceasing fuel refining operations at Marsden Point. (Image: Supplied).
Oliver Lewis
A fuel transport company is winding down and ending its use of New Zealand’s two regional fuel tankers as oil refining in this country draws to an end.Coastal Oil Logistics, a joint venture between major petroleum suppliers BP, Mobil and Z Energy, charters two NZ-flagged tankers from Silver Fern Shipping to transport fuel products from the Marsden Point refinery to all major ports around the country, except Auckland.According to its website, each year the two vessels – MT Matuku and MT Kokako – make more than 200 port calls an...

More Editor's Picks

Lodestone moves into retail market
Editor's Picks

Lodestone moves into retail market

The move is aimed at commercial and industrial customers for now.

Ian Llewellyn 17 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Flexibility is ‘core’ to drivers: Australasian Uber chief
Retail

Flexibility is ‘core’ to drivers: Australasian Uber chief

Emma Foley says drivers want to be contractors, despite the court case opposing it.

Gregor Thompson 15 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.