New Zealand's Port of Tauranga on Thursday said it had signed a 10-year agreement with domestic freight logistics company Kotahi to facilitate more large freight visits to the country's largest port.
Under the agreement, Kotahi will provide export cargo containers to the Port of Tauranga and other ports operated by the company, it said.
In addition, Kotahi will facilitate the introduction of 6,500 TEU (20-ft equivalent) ships by Maersk Line to New Zealand.
The deal will see Port of Tauranga issue shares to Kotahi, which will take a stake in its Timaru Container Terminal.
(Reporting by Naomi Tajitsu; Editing by Robin Pomeroy)