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04:46 JBWere's Bernard Doyle on NZ's productivity recession, population growth driving economic growth & advice for NZ sharemarket investors to reduce their holdings

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  • Air NZ restricts ticket sales

    19 September 2017 5:12 AM 3

    Air New Zealand is restricting ticket sales and will cancel some international flights as it deals with the shortage of jet fuel at Auckland International Airport. The national carrier will cancel five Australian services, two Fiji services and a return service to Vietnam tomorrow, taking total cancellations to date to 26 domestic flights, 11 trans-Tasman

  • Update 6: Auckland fuel supply issue

    19 September 2017 5:12 AM 2

    Air New Zealand is continuing to experience disruption to its services following the temporary shut-down of Refining New Zealand’s pipeline to Auckland. The airline cancelled four trans-Tasman and 26 domestic flights between Sunday and Wednesday. Unfortunately, is it now necessary to cancel further services due to operate tomorrow. These include five Australian

  • Z Energy stations without fuel rises to 13

    19 September 2017 3:00 AM 4

    Thirteen Z Energy service stations are out of 95 octane petrol as a result of the ruptured Marsden Pt fuel pipeline, the company says. This morning just four Z stations were out of the premium fuel, but this afternoon it said that number had more than tripled. Z Energy said it would be able to replenish the fuel today and told motorists there was no cause

  • Fuel crisis latest – Pipe repairs progress as government loosens rules for fuel trucks

    19 September 2017 1:32 AM 2

    As the Auckland fuel crisis continues, Refinery NZ says it is on track to deliver jet fuel into Wiri anytime between midday Sunday and next Tuesday (September 26). The Marsden Point company says it will still take another 30 hours once it arrives at Wiri to get to the airport. “In parallel, we have also made good progress on a jet truck-loading option

  • Scoop Business » MBIE: Wiri terminal wouldn’t have avoided pipeline woes

    19 September 2017 1:23 AM 2

    Sept. 19 (BusinessDesk) – The Ministry of Business, Innovation and Employment says an alternative to the Wiri oil terminal was too expensive and wouldn’t have avoided the recent pipeline leak disrupting air services in Auckland because the leak was too close to the refinery. The pipeline between the Marsden Point refinery and petrol company-owned Wiri storage

  • Civil servants grounded due to fuel woes

    19 September 2017 1:23 AM 2

    Public servants have been asked to not take non-urgent flights as the fuel crisis in Auckland deepens. Civil servants have been asked to avoid flying as work continues to fix the only pipeline into Auckland. There are also reports that petrol stations have run out of premium gas. The leak, 8km south of the Marsden Point refinery in Northland, is this week expected

  • Fuel crisis: Government workers told to cancel air travel

    18 September 2017 11:06 PM 2

    An urgent instruction has gone out to government departments ordering staff to cancel non-essential air travel as the fuel crisis continues to bite. The Department of Prime Minister and Cabinet has issued the directive across the public service, meaning the ruptured fuel line near the Marsden Pt oil refinery is now impacting on how government does its work. The Herald

  • Fuel pipeline fix by next week

    18 September 2017 9:04 PM

    The broken Marsden Point fuel pipeline could be operational again by early next week. Good progress was being made repairing the ruptured line, pipeline owner New Zealand Refining said yesterday. Damage to the 170km line — reportedly caused by a digger lifting swamp kauri on a farm near Whangarei about three months ago — was discovered last Thursday

  • Fuel pipe leak disrupts flights at Auckland airport

    18 September 2017 6:52 AM 1

    WELINGTON - Thousands of airline passengers were stranded in Auckland Monday after a pipeline leak cut jet fuel supplies to New Zealand's largest airport, forcing planes to remain grounded, authorities said. The pipeline operator, Refining NZ, said repairs would take at least a week, possibly two, raising the prospect of ongoing major disruption

  • MARKET CLOSE: NZX 50 mixed at the start of election week

    18 September 2017 5:27 AM 1

    New Zealand shares were little changed at the start of election week. New Zealand Refining and Air New Zealand dropped following a pipeline leak, while A2 Milk Co rose. The S&P/NZX 50 Index fell 3.95 points, or 0.05 percent, to 7,758.71. Within the index, 17 stocks fell, 15 rose and 18 were unchanged. Turnover was $131 million. "People are a little more cautious