Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Improved productivity boosts returns

21 August 2014
Media Release

Ports of Auckland 2013/14 Annual Results

Improved productivity boosts returns

Ports of Auckland has reported improved results for the year to 30 June 2014, reflecting increases in both labour productivity and volumes across all port operations.

• Trading profit before income tax was $73.5m, up 65.5% on last year’s result of $44.1m

• Net profit after tax of $74m is 90% up on last year’s result of $38.9m

• The declared dividend for the financial year is $66.6m, up 126% on the 2012/13 dividend of $29.5m

• Breakbulk (non-containerised) volume was up 26% on last year to 5.679m tonnes

• Container volumes increased by 18.3% to 968,741 from 818,819 TEU last year

“We had an outstanding year”, said Chief Executive Tony Gibson. “Container volumes recovered and the volume of non-containerised freight increased to record levels.”

“Productivity has been increasing since restructuring started in 2011 and has hit new highs this year. Productivity has been the key to our success right across the port, enabling us to smoothly handle record numbers of cars, containers and other freight.”

I would like to thank all our hard working and innovative staff for their help in this achievement.”

”While the past year has been good, the year ahead will be challenging. The growth in container volumes was a one off as we recovered from a low base and we will also lose volume after Maersk moved a major service away from Auckland.

This year we will be making strategic capital investments which will help us lift productivity and capacity further. These include a new tug, straddles and crane, a longer container wharf and a new truck grid.

We are building supply chain partnerships which will deliver greater efficiency and cost savings for importers and exporters. The recently announced joint venture with Napier Port and Icepak in an inland port at Palmerston North is one example. This site is perfectly placed to take advantage of the natural flow of the supply chain and a growing export base in the Manawatu-Whanganui region. We are developing our inland port at Wiri and will announce more supply chain partnerships in due course.”

“The future is reasonably positive for Auckland’s port. Auckland is growing and so is its freight demand. At the same time, competition in the port sector is growing and pressure from shipping companies on pricing is becoming more intense as that industry itself undergoes significant change.

We offer the shortest freight route to the Auckland market and we’re one of the most efficient ports in Australasia. The investments we are making now will boost that efficiency and we have more smart investment planned. With correct planning and a focus on efficiency and productivity, the business has much potential.”

Further information

• The port handled 968,741 TEU compared to 818,819 TEU in the previous financial year, a rise of 18.3%. Auckland remains the country’s largest container port

• Bulk and break bulk volumes went up to 5,679,325 tonnes, compared to 4,509,179 in the previous financial year, a rise of 26%

• Car numbers increased to 207,591 from 170,835 in the previous financial year, an increase of 22%

• Ship calls increased from 1,463 to 1,541, an increase of 5.3%

• The port recently took delivery of two new ‘eco-straddles’ with four more due later this year. The straddles are more fuel efficient and equipped with the latest driver assist technology to improve productivity

• Work on a 50m extension of the container wharf will begin in September, with completion due in late 2015. It will allow the handling of two next generation container ships at the same time. A new container crane will be ordered for the longer wharf

• A new truck grid is under construction and due for completion in late 2014. It is larger than the old grid and will allow more trucks to be processed faster

• A new tug (the Hauraki) was delivered this month and will enter service in September. More powerful, it will assist with the handling of larger ships

[Annual Review and Financial Statements]


Ports of Auckland Ltd is the port for New Zealand’s largest city, Auckland. It is the country’s largest container port, handling 968,741 in FY 2013/14 TEU (1 TEU = 1 20ft container).

In the same period we also handled 5.679 m tonnes of break-bulk (non-containerised) cargo, including 207,591 cars. It is New Zealand’s import hub, its premier cruise port and the main vehicle import gateway.

A key partner to export and import industries, Ports of Auckland is 100%-owned by Auckland Council Investments Ltd, for the benefit of Auckland Ratepayers.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news