New Zealand ports financial improvements

Despite working with 2010-2011 earthquake-damaged infrastructure, record volumes were achieved across a number of cargoes – including a 7.2% rise in container throughput to 376,567 teu. The recently-received NZ$438.3m insurance settlement is expected to boost future port redevelopment.

Port Taranaki reported a 57% increase in after-tax profit to a record NZ$11.7m and 23% rise in revenue to a record $55.3m. Total trade lifted 21% to over 5.5m tonnes based predominantly on growth in bulk liquids.

CentrePort Wellington delivered a NZ$100,000 rise in annual after-tax profit to NZ$11.8m (before 2013 earthquake costs and fair value adjustments) and 17% lift in revenue to NZ$65.9m.

Among highlights were a 5% increase in container throughput, gaining a MSC service, 22% rise in log volumes, growing project cargo and vehicle imports and maintaining a crane rate productivity of 34.4 moves per hour.

In a pivotal year, following its joint venture with the Port of Tauranga, PrimePort Timaru achieved an 11.9% lift in after-tax profit to NZ$1.9m on flat revenue of $12.6 million, with a 35% rise in non-containerised cargo to 1.3m tonnes.