Suez's big boat blockage could affect NZ connections

Suez's big boat blockage could affect NZ connections
The state-run Suez Canal Authority says eight tugboats are trying to shift the Panamanian supertanker after it ran aground in the southern end of the Suez Canal and blocked the traffic in both directions.
Staff reporters
New Zealand businesses are waiting and hoping that a ship blocking the Suez Canal will not cause serious delivery delays on this side of the world.One of the world’s biggest container ships is wedged in the Suez Canal, the shortest shipping route between Europe and Asia – a key transit shipping hub for the world and New Zealand.Chris Edwards, vice president of Customs Brokers and Freight Forwarders Federation, said the longer the blockage is in place, the worse will be the impact on New Zealand. Exporters sending produce to Europe a...

More Markets

NZ sharemarket down, Oz and US stocks climb
Markets Market close

NZ sharemarket down, Oz and US stocks climb

The S&P/NZX 50 Index closed at 11,746.66, down 44.26 points or 0.38%.

Summerset anticipates flat 1H underlying profit
Markets

Summerset anticipates flat 1H underlying profit

The company is NZ's best-performing retirement village operator.

Infratil's CDC investment cracks $5 billion mark
Markets

Infratil's CDC investment cracks $5 billion mark

Surging datacentre demand and expanded development plans benefit Infratil.

Aussie shares rise for first time in new financial year
Markets

Aussie shares rise for first time in new financial year

The ASX200 finished up 0.3% after better-than-expected domestic retail sales data.

AAP 7:45am