Shipping rates 'unsustainably low' as Kotahi, other supply-chain deals mop up cargo, South Port says

Thu, 22 Oct 2015

By Jonathan Underhill Oct. 22 (BusinessDesk) - Shipping rates in New Zealand waters have become "unsustainably low" in the wake of supply chain agreements such as between Kotahi and Port of Tauranga, said South Port New Zealand chairman Rex Chapman. He told shareholders at South Port's annual meeting in Bluff that the company's strategy is to maintain good working relationships with other ports, to take advantage of the "inevitable changes in the port sector." "Just as Tauranga has now reached into the South Island through Timaru, it i...

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