Revenues and profits from port operations up 5% and 22.8% respectively
Ports of Auckland (POAL) has reported a strong start to the year with cargo volumes, revenues and labour productivity on the up.
The New Zealand terminal operator saw revenues from its port operations climb five percent and profits, before tax, jump 22.8 percent to NZ$44.4 million January through June, when compared to the first six months of 2012.
“This year has been positive for Ports of Auckland,” said POAL chief executive, Tony Gibson.
“While container volumes were not up significantly, our focus on lifting revenue, improving processes and raising labour productivity has started to show results.”
“Earnings are up, we have won back some of the business lost as a result of last year’s industrial action and secured two new services.”
Earlier this month POAL announced that it will welcome two new service calls from September. From next month, MSC’s Capricorn Service, which currently calls a number of the country’s ports, and the Kiwi International Express (KIX), a new vessel sharing arrangement between ANL, APL and Hanjin Shipping, will link New Zealand with Australia and South East Asia.
“Looking forward we will continue to focus on lifting productivity and customer service,” added Gibson.
POAL’s container volumes during the first half of the year were up slightly by 1.3 percent to 818,819 TEU over last year, while break-bulk tonnage rose 14 percent to 4,414,231 tonnes and car volumes grew 16 percent to 170,835 units.