Port of Tauranga improves financial performance as cargo volumes slow

Financial results for the year ended 30 June 2023 Port of Tauranga Limited (NZX:POT), New Zealand’s largest port, today reported a sound full year result, despite cargo volumes decreasing in the second half of the year. The company reported Group Net Profit After Tax of $117.1 million, a 5.2% increase on the previous year. Total […]

First goods trains welcomed as Ruakura Inland Port set to transform freight moves across Upper North Island

Joint media release between Tainui Group Holdings and Port of Tauranga Limited Ruakura Inland Port – a newly minted, 9ha customs-controlled cargo facility on Hamilton’s eastern boundary – today welcomed its first two goods trains, one each from Tauranga and Auckland. The new $60m facility has been more than 15 years in development by Tainui […]

Kotahi committed to South Canterbury export trade

Kotahi, New Zealand’s largest containerised freight manager, has committed to a further export cargo volume agreement with Timaru Container Terminal (TCTL) to 2030, to deliver confidence in stable ocean freight services for South Canterbury exporters. Kotahi Chief Executive, David Ross, said Kotahi’s significant base load export cargo volume, of up to 30,000 TEU annually, will […]

What’s happening at your port?

What’s happening at your port? New surf life saving rescue centre opens The Port of Tauranga Rescue Centre has been officially opened by the Prime Minister, Jacinda Ardern, and Economic and Regional Development Minister, Stuart Nash. The new centre in Mount Maunganui serves as a hub for surf life saving operations in the eastern region […]