Port of Tauranga sees Auckland claw back shipping, keeps FY guidance intact

Thu, 20 Feb 2014

By Suze Metherell Feb. 20 (BusinessDesk) – Port of Tauranga, New Zealand’s largest port operator, posted a decline in container volumes in the first-half as rival Ports of Auckland won back business lost during its strikes and dairy volumes declined. The drop-off wasn’t enough to dent the port’s full-year guidance. Total freight volume increased 5.8 percent to 9.9 million tonnes in the six months ended Dec. 31, although container volumes slipped 12 percent to 381,038 twenty-foot equivalent units from 431,878 TEUs, in part due to shipping li...

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