Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Full Ahead for Coastal Shipping

Press Release: November 5 2007
Embargoed till 5:30PM

Full Ahead for Coastal Shipping

Rod Grout, the President of the NZ Shipping Federation, today gave an enthusiastic welcome to the launch of Sea Change, the Government’s draft coastal shipping strategy.

“The Shipping Federation congratulates the Government, and its support parties, on their initiative. The strategy will enable coastal shipping to access funding to develop and promote new services and to train a costal shipping workforce for the future”, Mr Grout said.

Mr Grout described the Government’s target to have 30% of inter-regional domestic freight carried by coastal shipping by 2040 as “the biggest boost to the NZ coastal shipping industry that he could ever recall”.

“The 30% target is an acknowledgement that, with the looming oil shortage, changing climatic conditions and increasing road congestion, much more needs to be done to promote coastal shipping, alongside road and rail, if New Zealand is to respond in a safe and environmentally sustainable manner to the projected increase in domestic freight movement over the next 10 years”.

“The Sea Change draft strategy is an excellent start towards that target. Coastal shipping operators are confident that, given the proposed supports, we can deliver. This is not about competition with road and rail. Rather, the funding and promotional supports proposed for shipping will enable users to make better use of all three transport modes”.

Mr Grout said the Shipping Federation looked forward to working with the Government to develop the final strategy. “Coastal shipping can’t wait to get Sea Change up to full ahead”, he concluded.


© Scoop Media

Business Headlines | Sci-Tech Headlines


R&NTU: KiwiRail strike notices withdrawn following new offer

Strike notices on KiwiRail have been withdrawn. Rail and Maritime Transport Union General Secretary Wayne Butson says following negotiations between the RMTU and KiwiRail, a new offer from KiwiRail will be taken back to union members for ratification... More>>

Banking: Stress Tests Show Strengthening Bank Resilience

The latest stress tests carried out by the Reserve Bank of New Zealand – Te Pūtea Matua show strengthening resilience in the banking sector and the benefits of continuing to build capital buffers... More>>

Statistics: Building Activity Down In September Quarter
The volume of building activity in New Zealand fell 8.6 percent in the September 2021 quarter, compared with the June 2021 quarter, Stats NZ said today. Residential building activity fell by 6.4 percent in the September 2021 quarter, while non-residential building activity fell 12 percent... More>>

Reserve Bank: Deputy Governor Reflects On Time At RBNZ
Central bankers must continue to look forward to guard against the unpredictable, Deputy Governor Geoff Bascand says in a speech published today. Mr Bascand joined the Reserve Bank of New Zealand – Te Pūtea Matua in 2013 during the aftermath of the Global Financial Crisis... More>>

Xero: Data Reveals ICT Expenditure Key To Small Business Sales Growth
Xero, the global small business platform, today released a new report which shows New Zealand small business ICT expenditure has increased 25 percent compared to pre-pandemic levels - more than the UK (20%) and Australia... More>>

Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>

Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>