Shipping cuts arranged for wool export

Press, 15 August 1984, Page 2

Shipping cuts arranged for wool export

Farm editor The Wool Board is confident that it has negotiated substantial reductions in shipping rates to Europe during the 1984-85 wool selling year. The board has broken the traditional agreement it had with the New Zealand EuroE Shipping Association esenting 11 shipping ) and invited all fines interested to apply to become approved carriers. Once accepted, lines will be able to quote competitive rates for the wool trade. The approved lines, and their rates, should be announced soon. “You can bet your bottom dollar that we are going to have very competitive rates

for wool out of New Zealand this year,” said the deputy chairman of the board, Mr Peter Barry. The board will also introduce box freight rates, which board staff said should mean rates of less than $2OOO a container, as composite rates out of any New Zealand auction centre to Europe, regardless of what weight of wool was contained. This would encourage the installation of high-density dump presses which could increase the number of farm bales in a standard container from 90 to 108 or even 120, leading to reductions in the effective cost of shipping each kilogram of wool.