Day: 16 October 2008

Concerns with port takeover threat

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.