September 2016 Port of the Month

Increased box trade, revenues and profits at CentrePort

CENTREPORT has announced a net profit after tax of $17.9m for the 2016 financial year (the year to the end of June 2016), up $3.9m on the previous years.
Port revenue was up 10% to $73 million. Container trade was up 23% to 132,000 TEU (twenty-foot equivalent units), and log trade increased 19% to 1.04 million JAS (Japanese Agricultural Standard).

The port also has 21 general cargo berths, including some owned by Lambton Harbour Management but operated by CentrePort under licence.

According to the port, the good financial results are attributable to a “strong increase in trade” along with a property revaluation.

In the past year CentrePort has expanded its hinterland network and has plans in place to extend this further.

“The company will continue to invest in both updating port infrastructure assets where required, and further developing regional strategic partnerships to create seamless road and rail connections from central New Zealand to our seaport,” said CentrePort Chief Executive, Derek Nind.

“CentrePort has further developed its plans for resource consent application to deepen the harbour shipping channel. This all tide depth enhancement will facilitate the handling of larger capacity vessels and ensure on going direct access to international markets for central New Zealand importers and exporters,” the company said in a statement.

Port of Wellington Container Terminal has two berths of 293 meters that can accommodate vessels with 11 meters (Berth 1) and 10.7 meters (Berth 2) draught. The terminal can accommodate 2200 TEUs and has capacity for 800 refrigerated containers.

There are also has 21 general cargo berths, including some owned by Lambton Harbour Management but operated by CentrePort under licence.

Approximately 4,200 ships call into CentrePort on an annual basis, with approximately 3,600 of these ship calls being attributable to interisland trades.

Around 10.5 million tonnes of cargo is handled by the port on an annual basis, including interisland volumes. Approximately 95,000 TEU (Twenty Foot Equivalent Containers) are handled per annum.

Outside containerised products, the major cargoes handled are forestry products (logs, veneer, and pulp), petrol and chemicals, cement, wheat, fruit, soda ash and vehicles.

Cargo volumes are mostly sourced from / exported to Asia and Australia.

Source: Lloyds List