October 16, 2008

The Mari­time Uni­on of New Zea­l­and has warned against the takeover of New Zea­l­and ports after ship­ping giant COSCO announced its interest in buy­ing into New Zea­l­and ports this week.

The Chinese state owned mul­tina­tion­al cor­por­a­tion COSCO is one of the world’s largest ship­ping lines.

Mari­time Uni­on spokes­per­son Vic­tor Bil­lot says the Uni­on is opposed to hand­ing con­trol of ports over to glob­al oper­at­ors.