|
Friday 26th October 2012 |
Text too small? |
KiwiRail is considering using rail wagons with rubber wheels to move freight on and off its Cook Strait ferries so the state-owned company does not have to buy expensive ferries with rail decks in the future.
KiwiRail's Cook Strait ferry service is unusual in that rail wagons can be driven on the vessels and Mainfreight managing director Don Braid this week called for a continuation of rail-capable ferries for the movement of freight.
The leased Kaitaki ferry is not rail-capable but the Aratere and Arahura are.
"The problem is that rail-decked ships are becoming very rare and really expensive. You either have to refit ships or build them," KiwiRail chief executive Jim Quinn told BusinessDesk.
"An alternative is to bring the train into port and quickly move the load onto rubber-wheeled wagons and pull them onto the ship," he said. "It is a trailer effectively. There would probably be a chain on them."
He said the company has not made a call on the use of rubber-wheeled wagons, which would allow it to use standard roll-on roll-off ferries. New rail-based ships cost about $200 million and ten-year-old standard ferries cost a fraction of that.
The company would have to make a call on the future of the Kaitaki soon and decisions on the Arahura would also have to be made.
The "stretching" of the Aratere had run over budget and the project took time to settle once the ship got back, Quinn told the annual meeting in Wellington.
"It is again the workhorse of our fleet and a vital part of ensuring the capacity for growth that the market needs and out improvement in on time performance," he said.
BusinessDesk.co.nz
MCY - Mercury 2026 Annual Shareholders' Meeting
PFI - Notice of Annual Meeting
SUM - DRP Strike Price and AUD FX Rate for 2026 Interim Dividend
FBU - Notice of 2026 Annual Shareholders' Meeting
BIT - Transaction in Own Shares
MEE - Exercise of Me Today Series 1 Warrants (MEEWA)
September 18th Morning Report
TEM - Transaction in Own Shares
SCT - Scott Advances MHL Strategy with NexPAL Launch
NZK Market Update