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


Maritime Union Says Marsden Point Closure Will Threaten Energy Security

The Maritime Union says the closure of the Marsden Point oil refinery is a threat to New Zealand’s energy security.

Maritime Union of New Zealand National Secretary Craig Harrison says security and resilience are now the two most important factors for New Zealand’s economy.

He says the closure of the refinery is simply corporate self-interest and not in the wider interests of New Zealand.

Mr Harrison says it is disturbing that the lessons from the COVID pandemic and the flow on disruption to our supply chain are being ignored.

“Exposing New Zealand further to a highly volatile international situation is reckless.”

He says that crude oil imported into Marsden Point provides wider supply options than relying on imports of refined fuel.

Other countries were moving to enhance their fuel security and there needed to be an urgent review by the Government, who seemed to be getting bad advice, says Mr Harrison.

Processed fuel from Marsden Point is presently supplied to distribution depots in New Zealand ports by New Zealand flagged and crewed oil tankers.

Mr Harrison says the future of our domestic coastal tanker supply is also in danger, an essential service that was called on when the pipeline ruptured between Marsden Point and Auckland in 2017.

As we have seen in the container trade, New Zealand cannot rely on foreign ship owners to have our best interest at heart, he says.

“Marsden Point is more than a profit statement on a balance sheet, it gives New Zealand resilience in a global market.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>

Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>