Bay of Plenty Times
  • Bay of Plenty Times home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport

Locations

  • Coromandel & Hauraki
  • Katikati
  • Tauranga
  • Mount Maunganui
  • Pāpāmoa
  • Te Puke
  • Whakatāne
  • Rotorua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Thames
  • Tauranga
  • Whakatāne
  • Rotorua

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Bay of Plenty Times / Business

Port of Tauranga makes record profit

By Graham Skellern- Business Editor
Bay of Plenty Times·
17 Aug, 2011 09:08 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Port of Tauranga has strengthened its position as the country's largest port, after reporting a rise in trade and a record profit of nearly $58million.

Trade volumes through the port for the year ending June increased 12.4 per cent to 15.4 million tonnes, from 13.7 million tonnes in the previous year.

This included 78 per cent more international cargo, excluding cement and oil products that move around the New Zealand coast, and export volume was more than three times its nearest competitor, Ports of Auckland.

The net profit reached $57.9million, up 17.2 per cent from $49.4 million in 2010, and chairman, John Parker, said the result underscored Port of Tauranga's position as the country's pre-eminent port.

"Despite the patchy economic recovery, we have enjoyed strong growth in trade volumes. We are now far from being a bulk and largely log dependent port. Our containerised tonnage now represents 40.5 per cent of total trade," he said.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Container movements rose 15per cent to 590,506 TEUs (20-foot equivalents), from 511,343. At the Auckland inland MetroPort, container traffic increased 20 per cent to 138,000 TEUs, from 115,000 in 2010.

Mr Parker said strong demand for New Zealand's commodity exports, particularly from Asia, and rising confidence in the dairy sector boosted bulk cargo volumes. Log exports rose from 3.8 million to 4.4 million tonnes, up 14.5 per cent, fertiliser imports jumped 64 per cent from 324,000 tonnes to 530,000 tonnes and grain and dairy food supplement shipments increased 26 per cent from 849,000 tonnes to 1.1 million tonnes. Total exports were 10.2million tonnes and imports 5.2million tonnes. The port company is paying a final dividend of 21 cents a share, on top of the interim dividend of 10c - an increase of 6.9 per cent on the previous year's payout.

Port company chief executive Mark Cairns said new services calling at Tauranga should increase container volumes. The shipping reorganisation has resulted in five new weekly services, operated by Mediterranean Shipping Company, Pacific International Lines, Maersk Line, CMA CGM and a new consortium, AUSPAC (Swire, Neptune, PFL, and PDL).

Advertisement
Advertise with NZME.

"Along with some consolidation in other services, we expect a net 180 additional vessel visits to Tauranga annually," Mr Cairns said.

Although kiwifruit cargo held up during the year - 757,000 tonnes - the Psa bacterial vine disease would likely weigh on export volumes as it begins to harm plant productivity. Log exports continued to strengthen and the demand for commodities, particularly from China and India, looked to be robust, he said.

Save

    Share this article

Latest from Business

Bay of Plenty Times

From Greerton to Windsor Castle: Lawn mowing pioneer wins top export award

Premium
Bay of Plenty Times

More than half of Crown Regional Holdings' loan book flagged as 'at risk'

Bay of Plenty Times

Median house price falls in Auckland, increases in regions


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Business

From Greerton to Windsor Castle: Lawn mowing pioneer wins top export award
Bay of Plenty Times

From Greerton to Windsor Castle: Lawn mowing pioneer wins top export award

The Exports Awards celebrate businesses exporting goods and services to markets globally.

18 Jul 06:07 PM
Premium
Premium
More than half of Crown Regional Holdings' loan book flagged as 'at risk'
Bay of Plenty Times

More than half of Crown Regional Holdings' loan book flagged as 'at risk'

16 Jul 08:54 PM
Median house price falls in Auckland, increases in regions
Bay of Plenty Times

Median house price falls in Auckland, increases in regions

14 Jul 09:54 PM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Bay of Plenty Times e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Bay of Plenty Times
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Bay of Plenty Times
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP