Port Otago reports substantial profit
NewsPort Otago’s 2023/24 financial report reveals a 30% increase in net profit, reaching NZ$ 30.4 million (US$ 19 million), driven by four core business units.
A new report for the New Zealand Transport Agency has concluded that domestic coastal shipping faces an uphill battle against road and rail for market share, but will be better placed if international container lines increase hubbing of services at major ports.
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