Subscribe today - find out more
Why you should consider BusinessDesk

Ports' reliance on logs in jeopardy due to China's insatiable demand

Brent Melville
Fri, 15 Oct 2021

Ports' reliance on logs in jeopardy due to China's insatiable demand
CentrePort's expanded log freight hub at Masterton is catering for demand. (Image: Supplied)
Brent Melville
Fri, 15 Oct 2021
New Zealand ports, reliant on ever-increasing log exports, will start facing reduced volumes in the coming years as NZ’s forestry assets are unable to support demand out of China.Logs are significant earners for North Island ports, accounting for more than 80% of all log exports out of the country. Most are sent as raw logs on charter vessels. Ministry for Primary Industries (MPI) data shows that more than half of NZ logs head to China.Port of Tauranga, the preferred exit point for the large central North Island forests, exported 6.3...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The next carbon auction: predicting the unpredictable
Ian Llewellyn | Tue, 30 Nov 2021

The fourth auction will offer up 4.75 million New Zealand units with the current spot price trading near $65.

Push to train Māori and Pacific for tech careers
Henry Burrell | Tue, 30 Nov 2021

Amazon’s cloud computing arm is training people in tech with guaranteed internships and a possible job at the end. 

Bank mortgage lending less frenzied but agri-lending falls
Jenny Ruth | Tue, 30 Nov 2021

All five largest banks except Westpac increased their lending to business in the September quarter. 

Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.

SIXT drives the company car upmarket

SIXT is enhancing its adaptable car subscription service with SIXT Business, catering for businesses wanting premium vehicle fleets.