Righting the ship will take another year – Kotahi

Weather and staff issues have increased NZ congestion. (Image: MSC)

Mon, 05 Sep 2022

Global shipping is improving after two years of vessel delays and ramped-up costs, but supply chain disruption will last until the middle of next year, shipping group Kotahi says.Kotahi, the joint venture between Fonterra and Silver Fern Farms, is the country’s biggest exporter by volume, shipping more than 300,000 twenty-foot-equivalent units (TEU) annually out of nine New Zealand ports.In a market update to clients on Friday, it said while schedule reliability had improved to 40.5% of deep-sea vessels arriving on time in July, with the...

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