Ports of Auckland drops dividend; outlook darkens

Ports of Auckland drops dividend; outlook darkens
Paul McBeth
Ports of Auckland won’t pay a first-half dividend to the city as its automation programme eats into earnings and the coronavirus outbreak weighs on transport movements.The port operator said it wouldn’t make an interim payment and expected to pay a lower annual dividend than the $8.7 million forecast. It had previously said it would pay a smaller dividend to Auckland Council while it ramped up spending on automating various processes, with a $9.4 million dividend forecast for 2021, rising to $64.3 million the following year. It paid $18.6 milli...

More Infrastructure

Big names for Wellington Water board
Finance

Big names for Wellington Water board

Credit rating agency warns that water reforms are no council debt panacea.

US$411b on the table: will NZ claim a slice?
Primary Sector

US$411b on the table: will NZ claim a slice?

Infrastructure will be a major focus of the NZ EU Summit, but Ukraine might be too.

Dileepa Fonseka 24 Oct 2025
Wellington Airport's half-year passenger numbers down, net loss up
Infrastructure

Wellington Airport's half-year passenger numbers down, net loss up

A fall in domestic passenger numbers has been blamed on Air NZ's fleet problems.

Staff reporters 23 Oct 2025
Marsden Maritime Holdings CEO Rosie Mercer standing down
Infrastructure

Marsden Maritime Holdings CEO Rosie Mercer standing down

Marsden Maritime Holdings' chief executive, Rosie Mercer, is stepping down at the end of the year.After three years in the job, she said the decision was a natural transition point for her and the company, as Marsden Maritime Holdings (MMH) was in a strong position and well-p...

Ian Llewellyn 23 Oct 2025