New Zealand Shipping Company [SEP] dissolved or abolished
New Zealand Shipping Company
The New Zealand Shipping Company (NZSC) was a shipping company whose ships ran passenger and cargo services between Great Britain and New Zealand between 1873 and 1973.
A group of Christchurch businessmen, including Hugh Murray-Aynsley and John Coster, founded the company in 1873. There were seven initial directors, including George Gould Snr., Coster, John Thomas Peacock, William Reeves, and John Anderson. The company gradually established a fleet of vessels, using Māori names for each. From 1875 the
presumably now offering improved freight rates compared to the 1910 era).
After cabotage was abolished in 1994, international shipping lines became able to undertake coastal shipping as opportune to them on their international routes to New Zealand. While reducing the cargo reshipment rates for New Zealand industry, this is seen by some as a heavy blow for local competitors, who, specialised in coastal shipping only, are less able to achieve the costs savings of large lines – these can generally operate profitably even without cargo on New Zealand-internal legs