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NZ's Tauranga handles 1.1 million TEU in FY2016-17, up 13.8pc
NEW Zealand's Port of Tauranga handled a total of 1.1 million TEU in the fiscal year ended June 30, representing a year-on-year increase of 13.8 per cent.
Exports rose eight per cent to 14.2 million tons, while imports were up 13.7 per cent to eight million tons, port authorities said in a statement.
The port's net profits increased 7.9 per cent to US$83.4 million during its fiscal year on 4.2 per cent higher revenues at $255.9 million.
Port of Tauranga chairman David Pilkington said the results "were a satisfying culmination to the company's NZ$350 million (US$253.59 million) expansion programme," which was completed last year.
Under the programme, the port's shipping channels have been widened and deepened to 14.5 metres inside the harbour and to 15.8 metres outside the harbour. The port received two cranes and 13 additional straddle carriers, as well as rail investments in facilities and around the port.
"It's been a monumental year," said Mr Pilkington. "The successful completion of our dredging project in September was a turning point, as bigger vessels were able to call in New Zealand for the first time. As soon as the dredging was finished, larger vessels were introduced on Tauranga-only port calls."
He noted that vessels with capacities of up to 11,500 TEU regularly at call the port, with large carriers like Maersk and Hamburg Sud now calling there as well.
Exports rose eight per cent to 14.2 million tons, while imports were up 13.7 per cent to eight million tons, port authorities said in a statement.
The port's net profits increased 7.9 per cent to US$83.4 million during its fiscal year on 4.2 per cent higher revenues at $255.9 million.
Port of Tauranga chairman David Pilkington said the results "were a satisfying culmination to the company's NZ$350 million (US$253.59 million) expansion programme," which was completed last year.
Under the programme, the port's shipping channels have been widened and deepened to 14.5 metres inside the harbour and to 15.8 metres outside the harbour. The port received two cranes and 13 additional straddle carriers, as well as rail investments in facilities and around the port.
"It's been a monumental year," said Mr Pilkington. "The successful completion of our dredging project in September was a turning point, as bigger vessels were able to call in New Zealand for the first time. As soon as the dredging was finished, larger vessels were introduced on Tauranga-only port calls."
He noted that vessels with capacities of up to 11,500 TEU regularly at call the port, with large carriers like Maersk and Hamburg Sud now calling there as well.
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