Coastal ship’s life ends
PA Wellington The Shipping Corporation has said that “pricing tactics” adopted by the Railways Corporation against road carriers are partly to blame for its “unsatisfactory” $2B million loss last year. Noting its decision to lay jjp the Coastal Trader, i the corporation’s
report said it had not been possible to improve viability because of the Railways’ pricing policies as the Railways competed with road transport. For example, the Railways charged “a lesser figure for moving freight by rail from Dunedin to Auckland than from Dunedin to Hamilton.”
Revenue on the coastal service over the last five years had not kept pace with inflation and costs. Shippers preferred containers, for which the Coastal Trader’s capacity was limited. The Coastal Trader had reached the end of her economjg life, the corporation said.
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Press, 4 February 1987, Page 8
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134Coastal ship’s life ends Press, 4 February 1987, Page 8
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