| New
port boss eyes Tauranga container arm. .
Ports of Auckland's new managing director Jens Madsen
dropped a bombshell in yesterday's annual result by
announcing the port's interest in buying Port of Tauranga's
container business. more
Auckland-Tauranga port
merger back in play.
The power plays in the port sector took another twist
today with Ports of Auckland revealing it has approached
Port of Tauranga about buying its container business.
more
Port's Tauranga bombshell
seen as attempt to restart merger talks.
Interest by Ports of Auckland in buying the container
business of rival Port of Tauranga is "kite-flying",
says First NZ Capital. Ports of Auckland managing director
Jens Madsen made the surprise announcement during a
meeting to release the company's full-year result on
Wednesday. Previous merger talks between the ports failed
last year. more
Shake-up essential
for sector says Port of Tauranga chief.
. New Zealand's port system needs to be reorganised
before the shipping industry decides the country is
merely a stopover from Australia, says Port of Tauranga
chief executive Mark Cairns. more
Port of Tauranga
profits up - 25pc hike in container traffic.
Port of Tauranga has shrugged off global financial troubles
by increasing trade and posting a record annual profit
of more than $40 million - double the profits of its
Auckland rival. more
Pacific Blue's Sydney
flights.
Pacific Blue is expanding its activities out of Auckland,
with the introduction of nine return flights a week
to Sydney starting in October. The move comes a fortnight
after the company said it would introduce services between
Auckland and Melbourne next month. more
'Bloodbath' looms
on Tasman crossing.
From early next year a new plane will make its big presence
felt flying the Tasman, a route one carrier says could
see commercial "carnage" for airlines. more
Primary sector
tipped to save NZ.
A surge in agricultural export earnings will lift the
New Zealand economy out of the recessionary doldrums
over the next two years, according to latest forecasts
from the Ministry of Agriculture and Forestry. more
Challenging year
for NZ exporters - Dun & Bradstreet.
New Zealand exporters are facing a challenging year
as global economic conditions deteriorate, says credit
reporting agency Dun & Bradstreet (D&B). The
impact of global inflationary pressures, declining US
consumer demand and the re-pricing of credit were eroding
business profit margins and making it more difficult
to sell products to key trading nations. more
Kiwi giant aims
to milk the China cash cow.
Fonterra China managing director Bob Major likes the
dynamism, sheer rate of growth and the bold decisions
people make in China. "The rest of the world is
very static by comparison," he says. more
Kiwi will keep
on falling: experts.
The New Zealand dollar closed below US70c for the first
time in 11 months last night and with more Reserve Bank
rate cuts on the way there is little to stop it falling
further, currency watchers say. more
Fran O'Sullivan:
Counting the Olympic costs.
China looks poised to bust records and score the most
gold medals at the 29th Olympiad. But all the signs
are it will be left nursing a sharp "economic hangover"
as the Chinese economy adjusts to the weeks of lost
production enforced by authorities trying to bring pollution
down to "acceptable" levels for the Olympic
athletes. more
Bledisloe to benefit
from VBS too.
The Vehicle Booking System (VBS) will be introduced
at the Bledisloe container terminal on 8 September,
just a month before the successful system celebrates
its first birthday at Auckland’s Fergusson container
terminal. more
ASEAN-Australia-New
Zealand FTA (AANZFTA) update.
Following the 23–25 Singapore negotiating group
meeting between the Association of South East Asian
Nations (ASEAN), Australia and New Zealand (AANZFTA),
a credible deal is now within reach. more
The APEC Business
Travel Card.
Time is precious when you travel overseas for business,
so why wait around in queues? The APEC Business Travel
Card provides accredited business people with streamlined
access to participating APEC countries. more |