Z looks for freight savings with increased storage at Lyttelton, Tauranga ports

Thu, 18 Apr 2013

April 19 (BusinessDesk) - Z Energy, the petrol retailer whose owners are mulling a listing later this year, wants to reap significant savings in freight costs as it spends $40 million to boost storage at ports in Lyttelton and Tauranga. The announcement coincides with today's official opening of a new 10.4 million litre storage tank at the Port of Tauranga by Terminals NZ, a branch of the transport fuels businesses owned by low-cost competitor Gull. Wellington-based Z received resource consent to add 25 million litres of storage at Port of...

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