NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
    • The Great NZ Road Trip
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • Deloitte Fast 50
    • Generate wealth weekly
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

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 / Business / Companies / Freight and logistics

Port of Tauranga's cargo diversity helps performance in another turbulent freight year

Andrea Fox
Herald business writer·NZ Herald·
25 Aug, 2022 09:01 PM4 mins to read

Subscribe to listen

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

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 frustrated by continuing red tape delays for container terminal extension. Photo / Supplied

Port of Tauranga frustrated by continuing red tape delays for container terminal extension. Photo / Supplied

Port of Tauranga has ridden out another year of supply chain upheaval and ships not arriving on time to deliver an 8.7 per cent lift in group net profit after tax to $111.3 million.

The company beat its earlier earning guidance of $103m-$110m.

Profit before tax was $150.3m, compared to $137m last financial year.

Operating revenue rose 10.9 per cent to $375.3m.

New Zealand's biggest port said the disruption had a "massive" impact on its ability to deliver an efficient service, and financial results for the year to June 30 reflected its all-out effort to incentivise smooth cargo flows.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

New chair Julia Hoare said about 65 per cent of vessels still arrived off-schedule, while operational delays continued globally and in the New Zealand supply chain, and labour shortages remained challenging.

"Our customers are facing the prospect of continued supply chain disruption and deteriorating service levels with little relief in sight," said Hoare, who succeeded David Pilkington as chair in July.

She said the situation was made worse by berth capacity at the container terminal, and it was "incredibly frustrating" the port company was still waiting for the chance to seek a resource consent for a berth extension after nearly four years of detailed planning and consultation.

Advertisement
Advertise with NZME.

The port wants a resource consent through the Environment Court. A delayed hearing is now proposed for early March next year.

The NZX-listed port will pay a final dividend of 8.2c a share, bringing its total dividend for the FY22 year to 14.7c a share, compared to 13.5c the previous year.

Chief executive Leonard Sampson attributed the port's diversity of cargo and long-term freight agreements with key customers to giving some certainty through "extremely challenging times".

Container volumes increased 3.4 per cent to 1241 TEUs (twenty foot equivalents).

Discover more

New Zealand|politics

Government secures monkeypox drug, still seeking vaccines

25 Aug 11:15 PM

Imports were up 3 per cent at 9.7m tonnes while exports dipped 2.5 per cent to 15.9m tonnes.

Subsidiary and associate companies' earnings fell 16.2 per cent to $15m.

Total ship visits increased for the first time in four years, lifting by 62 or 4.7 per cent to 1369 calls and boosting marine services income.

But 26 fewer ships called at the container terminal. Volume exchanged per container vessel rose by 10.7 per cent on the previous year.

Cruise ships are scheduled to return to Tauranga mid-October after a two year absence due to the pandemic.

Log export volumes were down 4.4 per cent at 6.1m tonnes, and there were sizeable falls in dairy product and meat exports.

Advertisement
Advertise with NZME.

Dairy exports including transhipped cargo decreased 5.5 per cent and meat departures were down 9.1 per cent.

Direct kiwifruit export volumes were up 8.8 per cent, while total volumes handled, including transhipment, increased 7.9 per cent.

Fertiliser import volumes lifted 5.5 per cent while oil product imports were down 4.9 per cent, and cement imports fell 10.5 per cent.

MetroPort container volumes increased 10.2 per cent, reflecting import cargo diverted to Tauranga to avoid delays in Auckland, the port company said.

The company hoped vessel schedule reliability would regain some consistency in the second half of FY23.

"However the pandemic hangover of high costs, increasing interest rates and reduced consumer demand is likely to temporarily impact some cargo volumes," said Sampson.

Advertisement
Advertise with NZME.

Geopolitical pressures would also continue to affect the global supply chain.

The company would provide earnings guidance for the 2023 financial year at its annual meeting on October 28.

Save
    Share this article

Latest from Freight and logistics

Premium
OpinionBruce Cotterill

Bruce Cotterill: Why NZ struggles to match Australia’s highway standards

12 Sep 11:00 PM
Premium
Freight and logistics

Crown's Cook Strait ferry-buying company has $11m shopping list

28 Aug 11:00 PM
Freight and logistics

'Extremely frustrating': Port development delays hit $90m potential savings

28 Aug 09:52 PM

Sponsored

Kiwi campaign keeps on giving

07 Sep 12:00 PM
Advertisement
Advertise with NZME.

Latest from Freight and logistics

Premium
Premium
Bruce Cotterill: Why NZ struggles to match Australia’s highway standards
OpinionBruce Cotterill

Bruce Cotterill: Why NZ struggles to match Australia’s highway standards

OPINION: NZ must lift its game if we want better roads and more tourists.

12 Sep 11:00 PM
Premium
Premium
Crown's Cook Strait ferry-buying company has $11m shopping list
Freight and logistics

Crown's Cook Strait ferry-buying company has $11m shopping list

28 Aug 11:00 PM
'Extremely frustrating': Port development delays hit $90m potential savings
Freight and logistics

'Extremely frustrating': Port development delays hit $90m potential savings

28 Aug 09:52 PM


Kiwi campaign keeps on giving
Sponsored

Kiwi campaign keeps on giving

07 Sep 12:00 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
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • 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