New Zealand ports talking merger
The prospect of fewer vessel calls, as well as consolidation in the shipping industry, has pushed the ports of Tauranga and Auckland in New Zealand into talks about a possible merger.
“We are in discussions regarding options including the possibility of a merger of both port operations,” said John Parker, chairman of the Port of Tauranga.
“Changes in the environment in which port companies operate, for example the interest shown by foreign terminal operators in New Zealand ports and the recent consolidation of shipping companies, mean we must look at all options that will allow us to continue to operate successfully in the future, for the benefit of our shareholders, customers and the communities in which we operate.
“We have recognized for some time the need for rationalization of the port sector in New Zealand. It is clear that some shipping lines are determined to see the number of ports that they serve reduced,” Parker said.
Maersk Line, one of the carriers reportedly looking to reduce its calls, has confirmed that it will not drop New Zealand calls.
“The decision to retain and improve connectivity for New Zealand ports gives Maersk the opportunity to work with all the key players, including customers and government, to plan for a 30-year horizon for infrastructure investment that will best serve New Zealand exporters long term,” said Tony Gibson, Maersk Line’s managing director in New Zealand, in a statement.
New Zealand ports talking merger
