Infrastructure

NZ exporters fear harvest season due to shipping woes

Brent Melville
Tue, 18 Jan 2022

NZ exporters fear harvest season due to shipping woes
The Timaru Star heads out of Tauranga in August laden with sawn timber from Kawerau. (Image: J Aubertin/Sequal)
Brent Melville
Tue, 18 Jan 2022
Shipping issues are bringing tears to the eyes of some New Zealand exporters as mounting fees and limited-to-no shipping availability takes its toll.Pukekohe-based Molloy Farms has been an exporter of onions and kiwifruit to European, American, Asian and Pacific Island markets for half a century. In any given year it exports between 8,000 and 12,000 tonnes of produce on behalf of mainly North Island growers.Depending on the destination, a variety of shipping lines are used – though much of their product has traditionally gone via Mae...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
F&P Healthcare drags NZX 50 lower
Dan Brunskill | Wed, 25 May 2022

Markets were also surprised by RBNZ's plans to keep hiking the official cash rate until it hit 4%.

Property
Homeowners to feel pain next year when home rates hit 6%
Brent Melville | Wed, 25 May 2022

There's no need for leveraged homeowners to panic as interest rates ratchet up, but stress could start being felt downstream as more rate hikes seem on the cards.

Economy
Reserve Bank will hike but not as much as it says
Rebecca Howard | Wed, 25 May 2022

The Reserve Bank of NZ now expects the official cash rate to peak at 3.9% in June 2023, up from its February view that it would peak at 3.4% in September 2024.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager