Kotahi, Maersk sign second long-term freight agreement in New Zealand

Kotahi, New Zealand’s containerised freight manager and A.P. Moller – Maersk, a global integrated logistics company, signed a second long term freight agreement to December 2034. “The magnitude of this agreement is big, even by global standards, with an estimated NZ$160 billion (US$97 billion) value of primary export products given greater certainty and capability around delivery to market,” says David Ross, CEO, Kotahi. Ross adds: “Global supply chain disruptions, from pandemic, geopolitical and climatic events are becoming the norm. An ongoing freight partnership, with Maersk, will provide New Zealand’s international trade with resilience and agility to navigate these issues into the future. The long-term agreement provides our shareholders, and exporters on our platform, with a backbone shipping network for reliable services to key export locations. During the peak of the Covid-19 disruption, Maersk was the standout carrier in choosing to bring additional vessel capacity and containers to New Zealand, which grew the capacity pie for the whole export market.”