Port Otago eyes 'superships'

CATHERINE HARRIS
Last updated 16:08 15/08/2014

Relevant offers

Industries

Quirky QT hotel brand coming to Queenstown Rolls-Royce emerges tarnished, but lucky despite NZ$1.15b fine Donald Trump's appointment of Xero's Chris Liddell: Does NZ not care about the values of its business leaders? Investigations but no progress on Christchurch-Dunedin passenger train, KiwiRail says Spark joint-venture Southern Cross commits first $8m for new Pacific cable Baby City fined $39k for selling non-compliant cots NZ Bankers' Association warns about survey scam 23 complaints about child photography business shamed for Northland privacy breach 'Silly' to suggest Xero has endorsed Trump administration, says CEO Rod Drury Sharp fall in Wellington building consents in November, due to quake

Port Otago is looking to compete with the Port of Tauranga's dredging efforts so it can attract the "superships" being used by global shipping companies.

The company said Otago was already the deepest container port in the country at 14 metres and it was looking to add a metre to attract ships of 6500 to 8000 TEU (twenty-foot equivalent unit) containers.

Tauranga and Otago are the only two ports in the country that have consent to dredge to that depth.

No formal announcement has been made on when Port Otago will begin dredging, but it has its own dredge and can carry the work out at will.

The move follows Port of Tauranga's recent announcement of a partnership with shipping company Maersk and logistics company Kotahi that would also push freight through PrimePort in Timaru.

The Timaru port is a rival of Port Otago and the Lyttelton Port Company.

Two weeks ago, the Christchurch City Council's holding company entered an agreement to buy Port Otago's 15.48 per cent stake in the Lyttelton port.

The council ultimately wants to take full ownership of the Lyttelton port and delist it from the stock exchange.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content