Photo: RNZ / Tracy Neal

A multinational cement company says local seafaring jobs will suffer if it cannot transport its product around New Zealand on a foreign-flagged ship.

Holcim said it had entered a time charter with Swiss-based NovaAlgoma Cement Carriers (NACC), which had agreed to provide a temporary ship for three years while Holcim built a replacement for its ageing vessel.

But on Wednesday, Associate Transport Minister James Meager declined NACC's application fo

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