Port of Tauranga Limited announces board appointment
Port of Tauranga Limited (NZX:POT) today appointed former Freightways Managing Director, Dean Bracewell, to the Board of Directors. Port of Tauranga Chair, David Pilkington, said Dean’s deep transport and logistics experience would be extremely valuable to the Board. Dean is also a Director of Air New Zealand Limited, Property for Industry Limited, the Halberg Trust […]
Port of Tauranga to issue $100 million of wholesale bonds
Port of Tauranga Limited (NZX:POT) today announced that, following an institutional bookbuild for its offer of Seven Year Fixed Rate Notes, $100 million of bonds have been allocated to participants (or their clients). The transaction was arranged by BNZ. The interest rate for the Fixed Rate Notes has been set at 3.552% per annum. This […]
Port of Tauranga sees strong growth in first quarter despite Covid disruption
Port of Tauranga, New Zealand’s largest port, today reported a 6.9% increase in total trade to 6.8 million tonnes in the first quarter of the 2022 financial year. Exports increased 5.3% to 4.3 million tonnes and imports increased 9.8% to 2.5 million tonnes. Container volumes increased 8.1% to 310,997 TEUs[1]. Log export volumes increased 2.4% […]
Port of Tauranga advises move to virtual Annual Meeting
Due to the ongoing uncertainty of the Covid-19 pandemic and the potential for Government mandated restrictions on gatherings at the time of the Annual Meeting, the 2021 Annual Meeting of Port of Tauranga Limited will now be held only virtually. Shareholders can attend online and will be able to view a live webcast of the […]
Port of Tauranga result boosted by increased trade volumes and strong Subsidiary and Associate earnings
Financial results for the year to 30 June 2021 Port of Tauranga, New Zealand’s largest port, today reported Group Net Profit After Tax of $102.4 million, a 15.4% increase, on 25.7 million tonnes of trade. A 14.3% increase in log exports and a 46.0% increase in Subsidiary and Associate Company earnings were balanced by increased […]
Rio de la Plata Update: Tuesday 10 August
We have not received any official information from the Ministry of Health but have been advised informally that 109 negative tests have been received so far in this round of urgent testing. Almost all of our own frontline staff are vaccinated, but there are dozens of companies that work on the port. Vaccinations have been […]
