NZTD News

Fuel stocks update

On Wednesday MBIE reported diesel stocks were confirmed as 45.4 days cover, down from the 49.1 cover reported earlier in the week. MBIE noted the departure of “one small ship” has been delayed. Fuel companies confirmed the supply chains continue to operate, but noted that these kinds of delays are likely to become more common. 

Fuel Response Plan Phases

Some media coverage has called for a move to Phase 2 of the Fuel Response P...

One of the key takeouts for me from last week’s Fuel Pricing & Supply Seminar was fuel market expert Steve West’s observation that “we have a fuel price crisis, not a fuel supply crisis”. He noted there had been no shortage of supply of engine fuels to NZ, but that we had been victims of commodity market speculation which had seen refined fuel prices shoot up, with diesel in particular being double that for petrol, and three times that of crude oil. 

His analysis illustrated that the Asia Pacific region had been p...

Port Marlborough has signed an Interim Development Agreement (IDA) with Ferry Holdings Limited, unlocking the next phase of the Waitohi Ferry Redevelopment Project.

The agreement enables transition works to proceed while establishing the commercial, governance and management framework needed to advance the project to the final stage of delivery (subject to Shareholder approval) in June.

Importantly, it provides the basis for progressing work on the transition berth, and for consultation with the community and sha...

Current fuel stock as at 11:59PM Sunday 12 April (as days' cover).

The latest update shows national fuel stocks remain stable with sufficient stock levels across petrol, diesel and jet fuel. 

The data released today shows a decrease across all fuel types since the last update on 13 April.

Although this is the seco...

The Maritime Union of New Zealand (MUNZ) has welcomed the High Court’s decision to dismiss the appeal of former Ports of Auckland Chief Executive Tony Gibson, calling the ruling a major victory for workers.

The High Court upheld Gibson’s earlier conviction under the Health and Safety at Work Act, which resulted in a $130,000 fine and an order to pay $60,000 in costs. 

The prosecution followed the death of 31-year-old stevedore Pala’amo Kalati, who was killed by a falling container at the port in August 2020....

Isuzu and Toyota are already working together to make route buses powered by a hydrogen fuel cell. We saw that with the Erga FCV that was showcased at last year’s Japan Mobility Show.

This time out, the two Japanese companies are leveraging the technology for use in light-duty trucks. Isuzu and Toyota have announced they are collaborating again to develop a hydrogen fuel cell truck based on the Elf EV platform.

The setup is similar to the Erga FCV project – Isuzu provides the light-duty truck platform, while Toyo...