CRL $1.4b hole masks KiwiRail turnaround
However, the operating surplus jumped 45% as freight revenue rose 10%.
Stories and analysis from The Northern Express Herald.
The ship's crew raced against the clock to prevent a maritime disaster.
Derek Foley says the Interislander surcharge could cost farmers an extra $500 per sailing.
'I absolutely think it's going to keep going up': Truck fuel surcharge doubles to 54.4%.
Replacement ferries are not expected to arrive on the Cook Strait until 2029.
About 1300 vehicles face disruption, with refunds and rebookings being offered.
The freight industry warns that ageing ferries leave the vital link increasingly fragile.
Maritime Union wants Maritime NZ to board the ship and check crew welfare.
About 4000 litres of diesel spilled across Aotea Quay before dawn.
The ferry was forced to turn back to Wellington mid-sailing yesterday.
Harbour master Grant Nalder said there was no safety risk to anyone aboard.
Peters says the $596m deal for two hybrid ferries has saved taxpayers billions.
The Government has unveiled designs and specifications of new Cook Strait ferries set to sail in 2029.
Winston Peters' Interislander ferries announcement.
The ferries are due to enter service in 2029, replacing the ageing fleet.
Rail Minister Winston Peters won't say who the supplier is just yet.
Police suspended the Cook Strait boat search after hours of effort.
A mayday call was received last night, but no vessel has been found.
KiwiRail says it's considering selling it, but documents show there is little interest.
There were mixed emotions on board, with some staff losing their jobs.
Chocolate fish and coffee was on offer for those watching the arrival.
Cabinet has agreed to explore part-privatisation once the ferries arrive.
Winston Peters disagreed with Treasury, citing higher economic value.
'Treasury were cautious given the economic conditions, but the company delivered.'