Small container ships expected to keep servicing small NZ ports

Thu, 20 Oct 2016

By Pattrick Smellie Oct. 20 (BusinessDesk) - The abundant global supply of small container ships is likely to mean they will continue to service a range of smaller New Zealand ports "for the foreseeable future", the chairman of Bluff-based Southport, Rex Chapman, told shareholders at the company's annual meeting today. Reflecting on the pressure being placed on shipping company economics by the proliferation of very large container vessels, capable of carrying between 12,000 and 19,000 containers, Chapman said smaller vessels were being d...

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