Markets

Govt invests $30m with coastal shipping 'winners'

Brent Melville
Wed, 25 May 2022

Govt invests $30m with coastal shipping 'winners'
Moving into coastal shipping. (Image: Move Logistics)
Brent Melville
Wed, 25 May 2022
NZX-listed freight company Move Logistics is one of four transport firms that will share government funding of $30 million to help pilot a coastal shipping initiative.The four suppliers, Coastal Bulk Shipping, Swire Shipping, Westland Mineral Sands and Move Logistics subsidiary Move International, will invest another $60m while each will also bring "at least one" coastal shipping vessel into service under the national land transport programme.Transport minister Michael Wood said the investment was being made to help make coastal shipp...

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