Economic headwinds, rail charges hit Port of Tauranga

Economic headwinds, rail charges hit Port of Tauranga
Port of Tauranga recorded a drop in net profit for the first half of the 2024 financial year. (Image: Port of Tauranga)
Oliver Lewis
Port of Tauranga has been hit with economic headwinds, resulting in a drop-off in trade volumes and a decline in profit.The biggest export port in the country released its financial results for the six months to December on Friday, recording net profit after tax (NPAT) of $47.2 million, down 24.7% on the previous comparable period.Total trade was down 8.5% at 11.6 million tonnes, although log exports were up 19.2% as a result of early harvesting and export of cyclone-damaged trees.Container volumes fell 15.8% to 536,930 twenty-fo...

More Infrastructure

NZTA endorses stage one of long-promised Mill Rd upgrade
Infrastructure

NZTA endorses stage one of long-promised Mill Rd upgrade

Chris Bishop keeps the transport announcements coming.

Oliver Lewis 24 Apr 2025
Ministry of Justice seeks market feedback on courthouse PPPs
Policy

Ministry of Justice seeks market feedback on courthouse PPPs

Want to build and maintain three courthouses for 25 years? Now's your chance.

Oliver Lewis 24 Apr 2025
Billions needed for Northwest Busway
Infrastructure

Billions needed for Northwest Busway

The rolling maul of transport-related announcements continues.

Oliver Lewis 23 Apr 2025
Govt shares emerging route for mega Northland expressway
Infrastructure

Govt shares emerging route for mega Northland expressway

It's our single biggest roading project. So where's it going to go?

Oliver Lewis 23 Apr 2025