Move Logistics sells ship hit with several detention orders

Move Logistics sells ship hit with several detention orders
Move Logistics has sold its general carrier, the Atlas Wind, for less than $2m. (Image: Supplied)
Oliver Lewis
Freight company Move Logistics has sold the ship it acquired to pilot a trans-Tasman shipping service. The vessel was detained several times by maritime authorities over safety and other concerns.Move announced to the New Zealand Exchange (NZX) on Oct 8 that it had signed an agreement to sell the Atlas Wind, a Vanuatu-flagged ship it owned via a Singapore-based subsidiary, for US$1.1 million (NZ$1.81m).According to a marine tracking website, the ship is currently near Malaysia. The listed freight and logistics company has performed po...

More Infrastructure

Property for Industry says valuation cycle turning
Infrastructure

Property for Industry says valuation cycle turning

It cites strong occupancy, lease terms behind and sees strong 2026.

Staff reporters 21 Oct 2025
Labour's Future Fund: a shaky policy debut
Opinion

Pattrick Smellie: Labour's Future Fund: a shaky policy debut

Labour's NZ Future Fund is more sizzle than sausage.

Pattrick Smellie 21 Oct 2025
What Infratil likes about Contact Energy
Infrastructure

What Infratil likes about Contact Energy

Infratil is keeping its options open, while TECT diversifies.

Asset recycling: privatisation or better housekeeping
Policy

Asset recycling: privatisation or better housekeeping

On asset recycling, Silvana Schenone cites Marie Kondo rather than Milton Friedman.

Dileepa Fonseka 20 Oct 2025