Marsden Maritime warns of weaker log volumes

Marsden Maritime warns of weaker log volumes
Gavin Evans
Marsden Maritime Holdings said reduced log volumes through Northport are likely to weigh on full-year earnings.The firm, which owns half of Northport and has interests in marinas and commercial land around the port at Marsden Point, last month reported a 20 percent lift in first-half net profit.Today, chief executive Felix Richter said log volumes through the port – its major cargo – through to June 30 are unlikely to match those in the six months through December due to the coronavirus-induced slowdown in China and a backlog of cargos at ports...

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