Archive
Cargo volumes flat at Port of Tauranga in first quarter of financial year
Port of Tauranga, New Zealand’s international hub port, today reported a slight decrease in cargo volumes for the first quarter of the 2020 financial year. From 1 July 2019 to 30 September 2019, Port of Tauranga handled nearly 6.8 million tonnes of cargo, a 1.1% decrease on the same period last year. Log exports dropped […]
Port of Tauranga welcomes Upper North Island Supply Chain Study’s second report
Port of Tauranga today welcomed the long-awaited second report of the Upper North Island Supply Chain Study. Port of Tauranga Chief Executive, Mark Cairns, said a two port solution was workable, subject to land-side infrastructure development, and would address concerns about economic land use in Auckland. Mr Cairns agreed with the working group’s observation that […]
Port of Tauranga Announces Changes to Senior Management Team
Port of Tauranga today announced that Chief Financial Officer Steve Gray will retire in June 2020 for health reasons. Steve has served as CFO for the past 12 years and been with the Company for 32 years. Port of Tauranga Chief Executive, Mark Cairns, says Steve has been instrumental in the Company’s success and he […]
Standard & Poor’s Upgrades Port of Tauranga Limited’s Credit Rating to “A-/A-2” on Consolidation of Strategic Position; Outlook Stable
On 27 August 2019, ratings agency Standard & Poor’s (S&P) raised their long-term issuer credit rating on Port of Tauranga Limited (POT) from “BBB+” to “A-“. S&P have also affirmed POT’s “A-2” short-term rating. This upgrade to POT’s long-term credit rating reflects POT has consolidated its competitive position within New Zealand on the back of […]
Growth in Cargo Volumes Contributes to Increased Profit for Port of Tauranga Limited
FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2019 Port of Tauranga, New Zealand’s largest port, today reported record cargo volumes and increased profits for the year to 30 June 2019. Port of Tauranga continues to consolidate its position as New Zealand’s international hub port, with transhipment increasing 11.2%. The Port handled more than 26.9 […]
Port of Tauranga and Port Ruakura LP announce rail service partnership for Ruakura
Port of Tauranga and the TGH-subsidiary Port Ruakura LP today announced a long-term partnership to support the development of the planned Ruakura Inland Port at Hamilton. The agreement allows Port of Tauranga’s cargo trains running between MetroPort Auckland and Tauranga to service Ruakura Inland Port, giving Waikato-based importers and exporters direct access to fast international […]
