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Article: Ports cuddle up in a storm; Ports stronger as one; Ports edge closer in friendly merger talks

Article from:
The Press
Article date:
October 7, 2009
Author:
Copyright

Lyttelton and Otago ports are burying the parochial hatchet and examining a historic union. The Press deputy business editor ALAN WOOD reports.

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Lyttelton and Otago's ports are in the midst of "quiet" discussions that could lead to a marriage, but any such arrangement will first face stiff competition issues and then a complex consummation.

Lyttelton Port of Christchurch (LPC) and Port Otago are still steeped in a history which gave these early transport hubs power as the only entry and exit point for early settlers and their goods.

Now they are part of a wider industry in turmoil, with shipping lines estimated to have lost up to US$25 billion so far this calendar year. Consolidation ...

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