Channel predicts return of aviation fuel demand – and dividends

The Marsden Point terminal recently welcomed the largest ever oil tanker to visit NZ. (Image: Channel)

Thu, 25 Aug 2022

Channel Infrastructure says it is on track to return to paying dividends after it ended refining oil at Marsden Point and moved to an import-only operation.Reporting its half-year results to June 30, chief executive Naomi James said the company’s finances were boosted by the demand for jet fuel being at its highest level since 2019.Demand is now above 50% of pre-covid levels and continuing to recover as borders open and aviation capacity returns.The company’s forecasts now predict jet fuel returning to pre-covid levels by around 202...

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