7 Jan 2012

Damage to port's reputation seen as fixable

7:45 am on 7 January 2012

Auckland Council Investments, the agency which owns Ports of Auckland, is confident the damage done to the port's reputation as a result of ongoing strikes, can be repaired.

The Maritime Union is to hold further strikes on Tuesday and Wednesday.

Fonterra and Maersk Shipping are both pulling out of the port, at least partially because of the unrest.

ACI chief executive Gary Swift says he is worried the port could lose more business in the short-term, but is confident that business will eventually return.

While no assessment has been made of the effect the strikes will have on the dividends to be paid to Auckland Council, Mr Swift says there is an indication they will be lower than expected if the matter is not resolved satisfactorily.

He remains confident the dispute can be resolved satisfactorily.