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.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Spark boss ditches *another* Sky decoder
- Carry on: Xiamen for Auckland, Cathay for Christchurch, Virgin for HK and more
- Hooton: Racism lies behind Little’s kaupapa Maori attack
- Smith’s swimmable rivers scheme burning holes in farmers’ wallets
- Hunter's Corner: Sealegs: an underperforming marine technology innovator
Most listened to
- Business Week in Review with Grant Walker and Andrew Patterson
- Rob Hosking on the politics of protest vs the politics of government
- Rodney Hide: Advance means retreat for glacier scientists
- Stewart Germann and Gehan Gunasekara go head-to-head on the franchising debate
- Racism lies behind Little’s kaupapa Maori attack, says Matthew Hooton