Scoop  Regional

ARC Chairman comments on Auckland-Tauranga Ports talks

11 October 2006

ARC Chairman Michael Lee says: “We see considerable merit in some form of port alliance, given the growing power of merged international shipping companies, and we will be carefully studying proposals as they come through from Auckland Regional Holdings.

“Auckland’s port is critically important to Auckland’s economy. It is New Zealand’s largest container port and by far New Zealand’s largest importing port (60%) by value, including raw materials, equipment and manufactured goods, which are the lifeblood of Auckland’s economy.

“Its strategic importance is one of the reasons the ARC Group moved to secure its 100% shareholding last year. Accordingly we will be ensuring Auckland’s interests in this vital infrastructure are fully protected.”

ENDS

© Scoop Media

 

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Panic In The Pacific Over China

For years, it has been no secret that China wants closer security and trade ties with the small nations of the Pacific region. All part of Beijing’s self-image as a global superpower. To that end this week, Chinese Foreign Minister Wang Yi embarked on an unprecedented 10-day tour of the Pacific, aimed at convincing his Pacific hosts to join a cross-Pacific agreement that would let Beijing provide them with high-level police training and security, shared data co-operation and other joint services ranging from agriculture to tourism...
More>>