Port of Tauranga container throughput surges 10.4%

The New Zealand port handled 470,928 TEUs during the first half of the 2016 financial year ending Dec. 31, a 10.4 percent year-over-year increase.    The Port of Tauranga, situated in western New Zealand, reported net profits of NZD$38.6 million (U.S. $25.9 million) for the first half of the 2016 financial year ending Dec. 31, compared to NZD$42.6 million for the corresponding period in the 2015 financial year, according to the port’s most recent unaudited financial statements.
   Total revenues reached NZD$121.9 million for the first half of the 2016 financial year, a decline from the NZD$136.3 million for the same period in the 2015 financial year.
   Container volumes surged 10.4 percent year-over-year to 470,928 TEUs.
   The Port of Tauranga’s dredging project, which is on schedule to be completed in July, will result in a 14.5-meter depth inside the harbor entrance and a 15.8-meter depth outside the harbor entrance.