South Port says Shipping Rates 'Unsustainably Low'
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, NBR reports as South Port New Zealand chairman Rex Chapman saying. The company's strategy is to maintain good working relationships with other ports, to take advantage of the "inevitable changes in the port sector. Chapman said that just as Tauranga has now reached into the South Island through Timaru, it is expected that other ports will be seeking to enter into working relationships with one another in order to capture regional cargo outside of their immediate catchment area. Meanwhile, diversifying business streams was paying dividends while plans for an inland port facility in Invercargill were also advancing, Rex Chapman said.
South Port Orders Liebherr Mobile Harbor Crane
South Port NZ Ltd., located at Bluff in New Zealand’s South Island, has just completed the order for a new LHM 550 mobile harbor crane. The crane will be used for container handling for MSC, the port’s containerized cargo customer. The new machine is the third LHM delivered to New Zealand’s southernmost port. “South Port is the regional port operator in Southern New Zealand, and it is important to our clients that we operate with a two-crane model, giving faster turnaround time to the container vessels and allow for projected growth in this area of the business,” said Chairman Rex Chapman.
