Forum Archive Index - May 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Marilyn,
    

>
>
>O no they are not!
> 
>Well maybe just a bit, but not as much as the study funded by The
>Captive Port Customers' Group makes out.
> 
>Shipping companies have been able to obtain port handling charges
>concessions from port co's over recent years.
> 
>The wary eyes with which Auckland-Tauraunga and Lyttelton-Timaru
>watch one another suggest that competitive pressures operate.
> 
>Quote;
> 
>"The ports' rate of return estimated in the study were: 
>Lyttelton, 19.7 per cent; "
> 
>I reckon that the result obtained by Lyttelton is in part
>attributable to balance sheet discipline.
> 
> 


I agree Marilyn, although in this case the discipline has been forced 
on LPC by Christchurch Mayor Gary Moore, and his council.   They 
want the money from the return of capital special dividend to avoid 
blowing the budget out on the new city Art Gallery.

What are your thoughts on the new king sized container ships?  I know 
that LPC is after them.  But they are competing with Timaru and Port 
Chalmers (Dunedin) as there is only going to be one port of call 
for these ships in the South Island.

I haven't followed the North Island situation so closely.  Are 
Tauranga and Auckland locked in a knockout battle for these ships?   
Or can they both be winners?  

SNOOPY






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