Ports of Auckland profit falls 17% as container volumes drop

Ports of Auckland, whose operations have been disrupted by a drawn-out industrial dispute that scared off customers, posted a 17 percent decline in first-half profit on reduced container volumes and an absence of year-earlier one-time gains.

Profit fell to $15.5 million in the six months ended December 31, from $18.6 million a year earlier, the city-owned port company says in a statement. Revenue from port operations fell 5.8 percent to $90.1 million.

Container volumes fell 8.9 percent to 413,884 20-foot equivalent units, it says. Full import containers fell 5.4 percent and export containers declined 9.2 percent.

Breakbulk cargo volumes, including cars, rose 6.5 percent to 2.02 million tonnes. Vehicle volumes rose 1 percent.

Auckland lost business to Port of Tauranga because of the strike as shipping company Maersk diverted some services and Fonterra opted to move all of its upper North Island export dairy products through the Tauranga port.

Port of Tauranga yesterday posted record first-half earnings and recorded a jump in volumes of dairy products and meat.

(BusinessDesk)

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Personally imported a container 12 months ago, just when the strike was on. Had to pay extra to the shipping company to unload in Tauranga and then rail the container to Auckland for unpacking, and had to wait on delivery. Next time I will not even bother with Auckland, the risk is there, the costs to go direct to Tauranga in future will be reduced as more of us do the same.

Auckland has two problems to deal with, unionized (hesitate to use the term work) work force, and wrong location for bulk container or vehicle storage.

Until the above are dealt to the business will steadily erode in volume, profit and goodwill.

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Boot out the unions, list the company and turn the profit around.

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The unions here are legally able to extort a workplace until their ransom demands are met.

Now the real test of fairness and good faith would be if PoAL were able to turn the tables on MUNZ and treat them like they have PoAL and the wider North Island business reliant on the port.

In 2013, with all the headwinds NZ Inc faces both within and from the much larger global issues, why the hell do we tolerate this form of legalised business/commerce extortion?

How many more millions do the ratepayers of Auckland have lose before NZ as a whole draws a line and says enough is enough?

If employers acted as unions did there would be hell to pay, so why the different treatment? How is that even still legal?

How big a hand brake on NZ's productivity and prospects are the unions creating?

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Close the port move it north. Get it out of our harbour!

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Part privatised, listed on NZX,strong govenance and thriving Ports of Tauranga versus 100% local body owned, poor shareholder govenance and ratepayers asset being run into the ground Ports of Auckland.
The quicker the govenment partly privatises our SOEs the better.

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Once again the well-paid union officials have hoodwinked the workers with promises of riches which have not turned up.
Have the workers worked out how much they lost and how they have potentially messed up their future work opportunities.
Agree with Chris on the wrong location.

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