New Zealand’s largest freight gateway – the Port of Tauranga – announced it is on track to become the first port in the country to transport more than one million shipping containers across its wharves, in a single year.
In the 2017 financial year, we expect to become the first New Zealand port to handle more than one million containers in a 12 month period. This achievement is the direct result of our now-completed, five-year $350 million infrastructure investment programme, which has extended the Port’s freight hinterland across the country, prepared the port for large ships and provided importers and exporters with highly-efficient routes to the country’s most important markets.- Chairman, Port of Tauranga Board
The port also announced a strong 8.5 percent improvement in Group half year net profit to $41.9 million from $38.6 million in the same period in 2016. Additionally, half year trade volumes grew 8 percent to 11.0 million tonnes and the Port set a new national standard for port productivity. Half year Group revenue increased 2.0 percent to $125.3 million.