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08-02-2023, 12:31 PM
#701
Great to see SFF & Fonterra partnership Kotahi commit to 30,000 TEUs per year for a further 6 years until 2030 for the Port of Timaru. It has given Port of Timaru's owners the confidence they need to undertake a major upgrade of the terminal and gives South Island exporters stability and security of shipping & container availability. Well done.
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08-02-2023, 02:27 PM
#702
Primeport Timaru has 50/50 joint ownership between the local council and Port of Tauranga - and Kotahi already has a strategic alliance with POT. So this will be an extension of this.
Great news for exporters - unless it is just another service price gouging (hopefully it is a mix of lines and not just the Danish-based). The experts say that there is too many ports in NZ and probably is - but do lack the infrastructure and ability to quickly, cheaply and easily move product to/from port. But with Fonterra Clandeboyne, Fonterra Studholme, SFF Pareora, Alliance Smithfield, Alliance Pukeri, Oceania Dairy etc in the area, then would think there is a good outwards volume (and a bit less to go via Lyttelton and Port Chalmers). No idea about imports.....
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08-02-2023, 03:25 PM
#703
Originally Posted by Sideshow Bob
Primeport Timaru has 50/50 joint ownership between the local council and Port of Tauranga - and Kotahi already has a strategic alliance with POT. So this will be an extension of this.
Great news for exporters - unless it is just another service price gouging (hopefully it is a mix of lines and not just the Danish-based). The experts say that there is too many ports in NZ and probably is - but do lack the infrastructure and ability to quickly, cheaply and easily move product to/from port. But with Fonterra Clandeboyne, Fonterra Studholme, SFF Pareora, Alliance Smithfield, Alliance Pukeri, Oceania Dairy etc in the area, then would think there is a good outwards volume (and a bit less to go via Lyttelton and Port Chalmers). No idea about imports.....
Kotahi has had a 10 year agreement in place with Timaru since 2004. This announcement is a 6 year extension of it. Gives a lot of certainty to the fast growing Port of Timaru.
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08-02-2023, 05:27 PM
#704
Originally Posted by iceman
Kotahi has had a 10 year agreement in place with Timaru since 2004. This announcement is a 6 year extension of it. Gives a lot of certainty to the fast growing Port of Timaru.
Sorry I'd missed that it was an extension.
Looking at it further, it is the Danish mafia still calling there. I know exporters based in Timaru itself (within 1-2km of the port), outside of Kotahi for whom it is cheaper to go to/from Lyttelton using other lines, than use Maersk. But no doubt SFF, Fonterra and rest of the Kotahi customers underpin that and get a more user-friendly rate.....
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08-02-2023, 05:56 PM
#705
Originally Posted by Sideshow Bob
Sorry I'd missed that it was an extension.
Looking at it further, it is the Danish mafia still calling there. I know exporters based in Timaru itself (within 1-2km of the port), outside of Kotahi for whom it is cheaper to go to/from Lyttelton using other lines, than use Maersk. But no doubt SFF, Fonterra and rest of the Kotahi customers underpin that and get a more user-friendly rate.....
I had a quote last week for a 20' container from India, that we want in Timaru. Shipping costs are USD 3,200 (plus costs) to Lyttelton, USD 8400 (plus costs) to Timaru !!!
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09-02-2023, 08:04 AM
#706
Originally Posted by iceman
I had a quote last week for a 20' container from India, that we want in Timaru. Shipping costs are USD 3,200 (plus costs) to Lyttelton, USD 8400 (plus costs) to Timaru !!!
That is extortion!! I know who quoted you the $8400 then!!
Oh well, into Lyttelton it is then and pay $1,000 NZD for trucking to Timbuktu!
It looks like rates are all over the place, but definitely some cheaper rates out there for reefers now. We have a 40' reefer going to the Netherlands soon, at 35% of what we paid in September (admittedly with a different line, and neither are Danish).
Needs some normality/consistency.
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09-02-2023, 10:50 AM
#707
Share price still seems locked on $1.50 - been there since the start of December.
21k trade has cleaned out the $1.50 this morning.
Current sell offer is at $1.55.
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09-02-2023, 01:42 PM
#708
Originally Posted by Sideshow Bob
Share price still seems locked on $1.50 - been there since the start of December.
21k trade has cleaned out the $1.50 this morning.
Current sell offer is at $1.55.
Sure has been interesting to watch the last 2 months with a fairly constant supply & demand at $ 1.50. Almost looks like someone might be accumulating at $1.50
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14-02-2023, 11:47 AM
#709
Originally Posted by iceman
Sure has been interesting to watch the last 2 months with a fairly constant supply & demand at $ 1.50. Almost looks like someone might be accumulating at $1.50
Sales still going through at $1.50. Nothing shows on the bid/offer but then there is a sale - maybe through the same broker?
Does look like someone might be accumulating....
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14-02-2023, 02:50 PM
#710
Originally Posted by Sideshow Bob
Sales still going through at $1.50. Nothing shows on the bid/offer but then there is a sale - maybe through the same broker?
Does look like someone might be accumulating....
Sure has been going like that. Then someone read your post and put 10,000 up for sale just to prove us wrong :-)
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