KiwiRail eyes threat of rising diesel costs

Thu, 05 Dec 2019

KiwiRail is looking at alternative energy options for its rolling stock as new global shipping regulations threaten to push up the cost of diesel, according to chief executive Greg Miller.The state-owned enterprise faces higher diesel costs if global shipping regulations force shipping firms to use the same grade of diesel as rail operators from next year. Because of that, KiwiRail has started to look more closely at alternative fuel sources.Those regulations look “like a $60 billion impost on the international sea freight market. That is enorm...

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