Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
HAVE LYTTELTON port's problems finally become too much for Fonterra?
Kotahi – the Fonterra and Silver Fern Farms' freight and logistics joint venture – committed container volume to Timaru which "is expected to quickly exceed the 80,000 TEU shipped across PrimePort's wharves when traffic last peaked in 2008".
Fonterra's 2010 decision to rail containers 170km from Clandeboye, South Canterbury to Lyttelton, instead of 30km to Timaru, saw Timaru PrimePort's volumes plummet with the loss of jobs and subsequent sale of the container business to Port of Tauranga.
Announcing a 10-year alliance with Kotahi this week Port of Tauranga chief executive Mark Cairns said Timaru is set to become an important South Island freight gateway thanks to the Kotahi deal and investments in a new freight hub at Rolleston, southwest of Christchurch.
"Kotahi's cargo commitment, which includes container traffic from customers around Timaru, gives Port of Tauranga the certainty to proceed with infrastructure to accommodate 6500 TEU ships (at Timaru). Timaru, as a key destination for a revitalised coastal shipping industry, will play a growing role in marshalling South Island export traffic north for these ships."
There are rail connections between Timaru, Rolleston, and Fonterra's expanding Darfield site. Services from Lyttelton were disrupted by the Canterbury earthquakes and more recently concerns about double-handling of freight due to limited container capacity on the port side of the Lyttelton tunnel.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it was before Cyclone Gabrielle struck just over 14 months ago.
Graham Brown, the executive chef for Deer Industry New Zealand (DINZ), is excited about Korea.
One of the country's leading experts on China has praised the NZ Government for its handling of the recent incident with China over that country's cyber attack on two of our parliamentary institutions in 2021.
The world’s largest wool processing facility, badly damaged by Cyclone Gabrielle over one year ago, has re-opened following a $50 million rebuild and refurbishment project.
Kiwi rugby star Renee Holmes is set for a fruitful year.
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