Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

Box throughput steady for Port Otago

Container throughput at kiwi port up 2% to 208,600 TEU.

Linked InTwitterFacebookeCard
Box throughput steady for Port Otago

Port Otago in New Zealand, which owns and operates the Port Chalmers container terminal, has reported a steady result for its financial year ending 20 June 2019.

 

The 2% growth in container volume was down on previous years, but the port said it experienced a “significant increase in transhipment containers, as shipping lines hubbed containers through Port Chalmers to link with services to international export markets.”

 

On the other hand Otago has lost some market share of hinterland cargo. Port Otago said its direct exports and imports of dry and reefer containers fell 4% in FY 2019 “due to reduced volumes for processed timber customers and customers using cheaper alternative supply chains.”

 

Other cargo sectors performed better. Bulk cargo volumes of 1.8 million tonnes were up 5% on last year, with logs increasing 8% to another record volume of 1.15 million tonnes. 2019 was the second year in a row that log volumes have exceeded 1 million tonnes.

 

In financial results, the port reported a tax-paid profit of NZ$49.3 million by the Port Otago Group for the year ended 30 June 2019, up 12% year-on-year. The Group has extensive property holdings and rents and property sales made up around 25% of its revenue.

 

The increase in profit has not been well received by its workforce, which is currently in contract negotiations. These started in May but have stalled over wage increases and shift changes. At the time of writing the port’s two unions, the Rail and Transport Union and the Maritime Union of New Zealand had imposed an overtime ban. On learning that the port recorded a 12% increase in profit the unions promptly increased their demand for a 4% wage increase to 6%, and are threatening rolling stoppages if there is no progress in negotiations.

Linked InTwitterFacebookeCard

You may also be interested in...

ZPMC moves in

Bunking up the logs for easy moves

Pulp facts to the fore in Montevideo

Hyster clamps up on reel handling

Sizing up the breakbulk market

Getting on the intermodal track

Related Stories

Antwerp and Zeebrugge in merger talks

Antwerp and Zeebrugge are embarking on formal negotiations for an amalgamation,...

New port at Bakassi?

The Nigerian federal government has approved the “outline business case” for the...

STI Chile hits 1M TEU again

San Antonio Terminal Internacional (STI) once again reached a throughput of 1M T...

Hamburg-Czech rail container traffic keeps growing

Rail container traffic between Hamburg and the Czech Republic recorded an 8.6% r...
Linked In
Twitter