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Marsden Maritime Holdings Ltd (MMH)

New Zealand
Currency in NZD
Disclaimer
3.98
-0.02(-0.50%)
Closed

MMH Comments

This company is destined to grow considerably. It will take over a lot of the Auckland port activity and se increasingly serve the blossoming Northland economy.The Auckland port is destined to be reduced in the future because it is in the heart of the city centre and appart fron the fact that getting freight out of the port being a nightmare, the land that the ort occupies is far to valuable to support the very poor profit it makes.The government has upgraded the railway line from Auckland to Whangarei so that full size containers can be carried and it is purchasing land for and designing a railway spur to serve the Marsden port. It appears that the decisions have already been made to promote Marsden to become one of the major ports serving the upper north island. The other significant factor is that the highly competent ports of Tauranga are 50% JV shareholders in the marsden port operation.
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