Port of Tauranga Ready for Larger Ships

Image Courtesy: Port of Tauranga

New Zealand’s Port of Tauranga expects to handle over one million TEUs in the year ended June 2017, following an upgrade which will allow larger ships to call at this port.

The expansion will result in new services, with first bigger vessels scheduled to start arriving in October.

The Port of Tauranga said it largely completed the USD 350 million five-year investment program to be able “to handle the much larger transfers of cargo required when servicing larger vessels.” 

Within the project, the port’s shipping channels have now been widened and deepened to 14.5 meters inside the harbor entrance and 15.8 meters outside the harbor. Furthermore, two additional cranes and 13 straddles have now been delivered.

In the year ended June 30, 2016, the port recorded a 12.1 percent increase in its container volumes, which jumped to a record of more than 954,000 TEUs from 851,000 TEUs in the previous year.

“These gains were offset by a decline in bulk cargoes reflecting continuing challenges in New Zealand’s forestry and agricultural sectors. Notably, log exports fell more than one million tons with declines also in imported stock feed and fertilizer” the port authority said.

Moreover, total trade in 2016 financial year decreased 0.3 percent to 20.1 million tons. Exports dropped by 1.2 percent to 13.1 million tons, while imports increased by 1.4 percent to 7 million tons.

The Port of Tauranga’s net profit after tax fell 2.4 percent to USD 77.3 million after the completion of the investment program which resulted in higher depreciation rates.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Green Ship Technology North America

Survival of the fittest in maritime: Make smart investments, ensure you are compliant, future proof your fleet…

read more >

Mozambique Gas Summit & Exhibition

Mozambique Gas Summit & Exhibition is recognised as the leading strategic meeting for Mozambique’s gas industry. Working in partnership…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >

3RD ANNUAL GENERAL AVERAGE SEMINAR

ATTEND THIS SEMINAR TO:
– Get up to speed on the revisions to the York-Antwerp Rules 2016…

read more >