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

Port of Tauranga: First quarter cargo volumes impacted by Covid-19

Bay of Plenty Times
30 Oct, 2020 01:28 AM2 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

From July 1 to September 30 this year, the Port of Tauranga handled nearly 6.4 million tonnes of cargo. Photo / File

From July 1 to September 30 this year, the Port of Tauranga handled nearly 6.4 million tonnes of cargo. Photo / File

Port of Tauranga today reported flat earnings in the first quarter of the financial year, as Covid-19 continues to impact supply chain efficiency and the global economy.

From July 1 to September 30 this year, the Port of Tauranga handled nearly 6.4 million tonnes of cargo, a 5 per cent decrease on the same period last year.

Containerised cargo decreased by 8 per cent to 287,670 TEUs (twenty-foot equivalent units). Imports were the same as the first quarter last year, and exports were down 8 per cent.

Log exports were performing in line with forecasts of 6.2m tonnes for the full year but remain vulnerable to variable international demand.

Dairy product exports decreased by about 12 per cent compared with the same period last year, which the port believed was due to seasonal variations. Kiwifruit exports increased by 9 per cent for the quarter.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Port of Tauranga chief executive Mark Cairns today told the company's annual meeting of shareholders that the unaudited Group Net Profit After Tax for the first quarter was $21.5m, compared with $21.7m in the previous corresponding period.

"Based on the first quarter's performance, and notwithstanding any significant market changes, we expect full-year earnings to be between $86m and $93m."

Cairns said the Port of Tauranga was still planning for long-term cargo growth.

Advertisement
Advertise with NZME.

"Port of Tauranga is a long-run infrastructure company and we will continue to pursue capacity expansion and greater efficiencies, to avoid the bottlenecks and congestion currently being experienced in the Upper North Island supply chain," he said.

"We have a demonstrable track record and a very strong A- credit rating renewed last month by Standard & Poors. ''

"We believe we are well placed to weather whatever the Covid-19 storm throws at us next."

Discover more

Covid-19 testing foreign seafarers not practical, Port of Tauranga says

20 Oct 06:00 PM

Two ships connected to Covid docked at Port of Tauranga

19 Oct 05:01 PM
Business

Wish list: What Bay businesses want from the Govt

24 Oct 08:00 PM

Mexican drug cartels could be behind multimillion-dollar P bust

16 Oct 05:00 PM
Save

    Share this article

Latest from Bay of Plenty Times

Bay of Plenty Times

'Mind-blowing': Chef's two-ingredient meringue breakthrough

Bay of Plenty Times

$1m buyers crazy for Hare Krishna barn with cars in the lounge - 'my busiest open home in three years'

Bay of Plenty Times

'Sustained period of cruelty': Starship doctor slates child protection agency failings


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Bay of Plenty Times

'Mind-blowing': Chef's two-ingredient meringue breakthrough
Bay of Plenty Times

'Mind-blowing': Chef's two-ingredient meringue breakthrough

'It’s as simple as, and could make life a lot easier.'

15 Jul 06:00 PM
$1m buyers crazy for Hare Krishna barn with cars in the lounge - 'my busiest open home in three years'
Bay of Plenty Times

$1m buyers crazy for Hare Krishna barn with cars in the lounge - 'my busiest open home in three years'

15 Jul 08:10 AM
'Sustained period of cruelty': Starship doctor slates child protection agency failings
Bay of Plenty Times

'Sustained period of cruelty': Starship doctor slates child protection agency failings

15 Jul 06:00 AM


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