Port of Tauranga earnings forecast to dip

Port of Tauranga is expected to report reduced first half earnings this week. (Image: Port of Tauranga)

Mon, 19 Feb 2024

The largest container port in the country is expected to report reduced earnings this week, with lower cargo volumes weighing on its performance.In a research note published on Monday, Forsyth Barr analysts Andy Bowley and Paul Koraua said it had been tough going for Port of Tauranga (POT).“POT is losing import and export container volume share to Port of Auckland, and transhipments continue to be impacted by shipping service changes in early CY23.”As well as lower cargo volumes, results for the first half of the 2024 financial...

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