In the News

Port of Lyttelton updates post earthquake
Port of Lyttelton Christchurch says on Thursday that container movements in and out of the port via road and rail are continuing as normal while the port is prioritising work following the 5.6 and 6.3 magnitude earthquakes early this week.
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Lower fat margarine for US & Canadian bakers
Two new margarines for bakery products can cut saturated fat content by 10%, according to Bakeryandsnacks.com.
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Marketplace for personal currency swap launched in NZ
CurrencyFair - www.currencyfair.com - the world's first online person-to-person foreign exchange marketplace, that lets people cut out the banks and get a better deal, today launches its service in New Zealand.
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NZ business owners upbeat about growth in 2012
Ninety percent of privately owned businesses are expecting positive growth in the next year, according to the 2011 ANZ Privately-Owned Business Barometer.
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Three airfreight forwarders fined for price fixing
The High Court at Auckland has ordered three international freight forwarding companies to pay penalties totalling NZD$5.2 million plus costs for breaches of the Commerce Act.
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Global venison demand gives NZ deer farms best season
Worldwide demand for venison exceeds supply and high prices and excellent growing conditions have combined to create one of the best seasons in years for New Zealand’s 3000 plus deer farms.
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Australia livestock industry's latest battle
The livestock industry in Australia is in uproar over a decision by the federal government to suspend live cattle exports to Indonesia over animal welfare concerns.
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Kiwifruit giants in major row
Satara Co-operative Group has told its kiwifruit growers in Te Puke, the zone worst-hit by the Psa virus, not to invest in new cultivars being offered by Zespri International, according to Bay of Plenty Times.
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GT Kontiki's world-first ‘auto pilot’ fishing system
New Zealand designed and manufactured GT Kontiki has launched the World’s first ‘auto pilot’ electronic kontiki which is set to revolutionise the fishing world.
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Europe's technology to test "fake" fish
Molecular technologies could now be used to foil fishing fraud and boost traceability by determining the origin of even processed products like canned fish, according to MeatProcess.com.
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Global air cargo revenues to rise above US$70 bln
Global air cargo revenues are expected to rise above USD$70 billion for the first time, according to a GulfNews report citing the International Air Transport Association (IATA).
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Maersk shines amidst tough trade for liners
A.P. Moeller-Maersk A/S may be the only shipping line to profit from growing trade between Asia and Europe even as rates reach a two-year low, according to a Bloomberg report
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Quality protein has bright future
The rise of protein as a nutrient that can assist weight management will drive the quality protein market to new heights, according to a new report, according to BeverageDaily.com.
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China's Tianjin city to offer tax rebate zone
Tianjin is joining a number of coastal cities, including Shanghai and Shenzhen, that have announced their plans to set up the country's next tax-rebate zone. That's after the tropical Hainan Island was given the green light to provide tax-refunds on products in April, according to ChinaDaily.com.
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Singapore Airlines plans low-cost carrier in 2012?
Singapore Airlines' (SIA) is to launch a low-cost carrier by next year to compete with competitors already taking chunks out of its premium market, and to stand up against Australia's budget carrier JetStar, which is planning long-hauls to Europe.
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Asia-Europe freight rates fall in April
The average Asia-Europe all-in freight declined 10% in April, according to Container Trades Statistics (CTS), which also revealed that rates on routes to the western Mediterranean, North Africa fell 7.4% and 9% on eastern Med and Black Sea trade lanes, according to the Shipping Gazette.
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Wine packed like perfume to target women
A new wine that targets women through its perfume-like packaging has been singled out by Datamonitor’s Product Launch Analytics (PLA) team as its Innovation of the Week, according to BeverageDaily.com.
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US firm makes colour-changing drink cans
A US ink firm has unveiled a range of new commemorative drink packaging designs with a dramatic visual appeal that are dedicated to members of the US armed forces, according to Packaging International’s website.
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New Zealand taps Indian connection
ExportNZ is increasing its focus on growing opportunities in India by entering a partnership with the India New Zealand Business Council (INZBC).
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Louis Vuitton sneaks into Chinese museum
Louis Vuitton may have lost prime advertising space in China when its giant suitcase was torn down in Shanghai, but it is now wooing customers in the hallowed halls of the national museum in Beijing, according to AFP.
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