Red Sea attacks good for Mainfreight business - Forbarr

Red Sea attacks good for Mainfreight business - Forbarr
Air and ocean expected to reap the benefits of shipping disruption. (Image: Mainfreight)
Brent Melville
Transport and logistics heavyweight Mainfreight stands to benefit from Red Sea shipping route disruption that has forced major lines to divert container traffic away from the Suez Canal.Spot and contract rates for containers have more than doubled in some instances since the attacks –  there have now been 25 – by Houthi rebels on vessels began.  That’s resulted in ships diverting from the Suez Canal – which accounts for as much as a third of all global traffic – and adding as much as two weeks to the Asia...

More Infrastructure

PE eyes Fletcher's Oz assets as NZ investor hunt stalls
Infrastructure

PE eyes Fletcher's Oz assets as NZ investor hunt stalls

Investment bank is understood to have halted the search for residential investors.

Act would 'support selling' Crown stake in Chch Airport
Infrastructure

Act would 'support selling' Crown stake in Chch Airport

The Crown owns 25% of the airport. Seymour says it's not core Government business.

Oliver Lewis 07 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Govt commits to Christchurch road upgrade
Infrastructure

Govt commits to Christchurch road upgrade

Last year, the Government pushed the project down the queue and said no new Crown funds.

Oliver Lewis 05 Feb 2025