Shipping service to close as $10.5m subsidy ends
Swire Shipping's coastal container ship Takutai Chief flagged to withdraw from service, which Maritime Union terms a major blow.
The Takutai Chief was brought into service in New Zealand in 2022 with support from the National Land Transport Programme.
Swire Shipping (NZ), a subsidiary of multinational Swire Group, received taxpayer subsidies of $10.5 million over two years to operate the coastal container vessel Takutai Chief, now flagged for withdrawal from service.
The grants were paid through the National Land Transport Programme as part of a
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