Port of Tauranga reports improved profits despite widespread disruption to cargo volumes and operations
Port seeks consent for an additional berth to help alleviate Upper North Island supply chain congestion Port of Tauranga, New Zealand’s largest port and international freight gateway, today reported increased profitability for the first six months of the 2021 financial year, despite volatile cargo volumes and congestion issues being experienced at Ports of Auckland. Group Net […]
First Quarter Cargo Volumes Impacted by Covid-19
Port of Tauranga, New Zealand’s international hub port, today reported flat earnings in the first quarter of the financial year, as Covid-19 continues to have an impact on supply chain efficiency and the global economy. From 1 July 2020 to 30 September 2020, Port of Tauranga handled nearly 6.4 million tonnes of cargo, a 5% […]
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 Five 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 1.02% per annum. This […]
Port of Tauranga Chief Executive Announces Retirement
Port of Tauranga’s Chief Executive, Mark Cairns, has today given notice that he will retire in June 2021 after more than 15 years at the helm of New Zealand’s largest and most efficient port. Mr Cairns says the time feels right to hand over to the next generation to continue Port of Tauranga’s success into […]
Port of Tauranga Offers Safe Harbour in a Global Covid-19 Storm
Financial results for the year to 30 June 2020 Port of Tauranga, New Zealand’s largest port, today reported Group Net Profit After Tax of $90.0 million on 24.8 million tonnes of trade. Despite the ongoing disruption caused by the Covid-19 global pandemic, container volumes increased 1.5% to 1,251,741 TEUs[1] for the year ended 30 June 2020. […]
Revised Rules for Port Workers’ COVID-19 Testing
The Government has revised its health order regarding compulsory testing of port workers. Testing is now only compulsory for “higher risk” workers, and must be done by midnight on Thursday, August 20. Higher risk workers are: Pilots and stevedores carrying out work on or around ships Anyone who has boarded a ship at Port of Tauranga or Ports […]
