A tale of two ports

Fact boxes on the two ports at the centre of today's announcement of a possible merger into a single 'superport'.

PORT OF TAURANGA

History

The Port of Tauranga Ltd was established in 1985.

In 1988, the Tauranga Harbour Bridge was completed, significantly joining the communities of Tauranga and Mount Maunganui. Four years later the $100 million Tauranga Terminal development was completed and wharves opened for shipping.

In 1999 the Port established New Zealand's first fully integrated inland port service - MetroPort Auckland. Australia-New Zealand Direct Line (ANZDL) became the first shipping line to use MetroPort Auckland.

Facilities

The Port of Tauranga has a total of fifteen vessel berths. Berths 01 to 11 and berth 16 are located at Mount Maunganui. Berths 23 to 25 are located at the container terminal, Sulphur Point, Tauranga.

On the Mount Maunganui side of the harbour, the Port of Tauranga has 2,055m of linear (continous) berth face. Immediately adjacent to the wharf are cargo sheds and a 20,000 tonne capacity coldstore.

Spread along the wharf are 22 bunker points to allow ships to refuel while loading or unloading. More than 90 hectares of back-up land is available for cargo handling and storage.
To the south of the Mount Maunganui Wharf is a dolphin berth, with facilities for discharging and/or loading tankers carrying bulk fluids such as hydrocarbon oil products, chemicals and edible oils.

On the western side of the Port is Sulphur Point. Opened in 1992, this facility features 600m of heavy-duty wharf, four container cranes (three of post-panamax size) and 27 hectares of paved container yard. More than 25,000 m2 of covered storage is available for cargo handling, and a further 9,000 tonne coldstore caters for temperature controlled cargo.

Financial result and share price

The Port of Tauranga announced a net profit for the year to 30 June 2006 of $31.032 million, a 7.8% decline over last year.

The current share price is $6.00.

Shipping

At 2pm today there were six vessels in port at Tauranga.

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PORTS OF AUCKLAND

History

Ports of Auckland Ltd was formed in 1988.

The Company has 568 staff and is open 24 hours a day, seven days a week. It handles 4 million tonnes of breakbulk cargo a year and over 670,000 containers a year - 50% of the North Island container trade and 38% of New Zealand's total container trade.

The port handles four million tonnes of breakbulk cargo a year and has more than 2,000 ship calls each year. It claims to operate New Zealand’s largest inland port network and its most sophisticated rail exchange facility.

Facilities

Six conventional wharves provide 3,000 metres of berthage.
• Handles almost 5 million tonnes of bulk, breakbulk and liquid cargoes
• Handles 135,000 containers a year
• Handles 166,000 imported vehicles a year
• Specialist berths for bulk liquid products and cement
• Large fleet of mobile cargo-handling plant available for hire
• Includes the Port of Onehunga, which serves coastal traders.

Also performs the following marine services:
• Provides pilotage, towage, navigational aids and line-handling services to shipping line customers at the Port of Auckland, the Port of Onehunga and on the Whangarei Harbour through North Tugz Limited, Ports of Auckland’s joint venture with Northport Limited
• Operates port control centres on the Waitemata and Manukau Harbours
• Operates a large fleet of floating plant, including three state-of-the-art tugs
• Manages the overseas passenger terminal at Princes Wharf
• Conducts hydrographic work.

Financial result and share price

Ports of Auckland reported a 5 per cent rise in total earnings before interest and tax (EBIT) for the half year to December 2005 of $37.6 million. (No 2006 data is available.)

Net profit after tax in 2005, including unusuals, was $21.7 million, compared with $21.5 million in 2004.

Ports of Auckland is no longer listed on the sharemarket, but is 100% owned by Auckland Regional Holdings, a statutory investment entity accountable to the Auckland Regional Council.

Shipping

At 2pm today there were two vessels in port at Auckland - one at Freyberg wharf and one at Onehunga.

- NZHERALD STAFF

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