The Port of Tauranga’s share price fell after Ports of Auckland announced that shipping line Maersk would resume its Southern Star service to Auckland, starting from July.
The Southern Star service moved from Auckland to Tauranga at the height of the port’s bitter dispute with the Maritime Union in December, 2011.
In 2011, Maersk said industrial action at Auckland had played a part in its decision to take its business to Tauranga. The port said at the time the service amounted to nearly $20 million in annual revenue.