Port of Tauranga. Adjacent to the Tauranga Eastern Link expressway and within easy reach of the populous central North Island, the Rangiuru Business Park provides unparalleled access to international markets through direct road and rail corridors to Port of Tauranga – the best port in New Zealand and one of the most efficient in the world. "He said 'who owns the Holden? I feel incredibly privileged to have had this opportunity. The port company owns 190 hectares, compared with Ports of Auckland's 75ha, and within that land holding Tauranga has 40ha, presently on short term rental, available for development. • Port of Tauranga’s purchase includes all plant associated with the container terminal including cranes, forklifts and mobile plant • Port of Tauranga will, through a wholly owned subsidiary, the Timaru Container Terminal Limited, lease and operate the container terminal. "These big ships and their economies are just too well established now. The Napier Port will join Port of Tauranga on the NZX. He recalls a former boss, the late Sir Robert Owens, saying "if you don't make a mistake from time to time, you're not trying hard enough.". MetroPort, located in Auckland’s industrial, warehousing and distribution area, was set up in 1999 by the Port of Tauranga. "People say this container port strategy is a lot of rubbish, that exporters in Napier and Lyttelton will always use a direct service to market. It's shareholders' money. The Port of Melbourne is the largest port for containerised and general cargo in Australia. Establishing an intermodal freight hub at Rolleston will provide South Island exporters with the option to efficiently access Timaru and similarly, importers in the Christchurch area will have the option to ship through Timaru. We've made great strides with getting rail to work for us properly. "There's quite significant cargo potential there," says Cairns. Back in his office overlooking the waters off Mt Maunganui after briefing analysts in Auckland and Wellington, he can take a breath and happily contemplate donning his scuba gear for the start of the scallop season, and summer fishing at his favourite spot off Motiti Island, 12 nautical miles away. Phone: +64 7 572 8888: Tauranga Container Terminal. "Practice. "For a company of our size with a $2.5 billion market cap at the time, to embark on a $350m capital expansion programme was a big commercial risk. "I like the transparency that every dollar you spend is not your own. The port also had to ensure its operations on land could handle the expected big increase in cargo, particularly containers, and that long-term contracts were secured with the likes of Oji Fibre Solutions, Kotahi (dairy) and Zespri (kiwifruit) to continue to drive container volumes to the port. Port of Tauranga – New Zealand's Port for the Future. The vessel SPIRIT OF MELBOURNE (IMO: 9362413, MMSI: 232013521) is a Container Ship that was built in 2007 ( 13 years old ). Tony was appointed to the board in November 2014. That multiple makes the stock expensive he says. Manager: +64 9 583 9688 (internal ext 90688) Email: Shuttle Select. Jewel in the crown. So what's next for this company, which Lister says has delivered "an exceptionally good" track record of earnings and dividend growth? Photo / File. We are the most horizontally and vertically integrated port in the country. LEARN MORE. Mount Maunganui 2740, First Quarter Cargo Volumes Impacted by Covid-19, Port of Tauranga to issue $100 million of wholesale bonds, Port of Tauranga Chief Executive Announces Retirement, Revised Rules for Port Workers' COVID-19 Testing. Click here for appointment times and locations: Website Designed by Wave Design & developed by eLogic. We had to back ourselves to attract that cargo. Quayside Holdings, which owns 54.2 percent of Port of Tauranga, reported a 62.4 percent drop in first-half net profit, reflecting losses on its equity portfolio. The bid was successful, and the port is now 100% owned by the Auckland Council, successor of the Auckland Regional Council and other local authorities. The vessel's current speed is 14.8 Knots and is heading at the port of TAURANGA. Recruiters say engineers make particularly effective chief executives, and Cairns, who has a bachelor of engineering (civil) with first class honours, says he's always been more interested in building people than building bridges. Virtually all our growth has come from catchments outside the Bay of Plenty region. With the falling dollar, fuel prices and bunker fuel will go up, which will make the big ships even more attractive.". Cairns, 56, isn't the one making a meal of his qualifications. That's why he also has master of management and bachelor of business studies degrees, qualifications which have helped develop his people skills – right brain territory. But judging from the claim on his CV that he's a "Bloody Good Fisherman", the Port of Tauranga chief executive's right brain - home of emotional expression - is also in good working order. PORT OF TAURANGA. The Port of Tauranga (POT) already owns 50.1 per cent of the country’s largest containerised freight managing company it set up in 2013 to … It is developing an intermodal freight hub in Rolleston. Tony is a former senior executive of the Port of Tauranga with 30 years’ experience in port developments, property, and commercial contracts. Next Port Tauranga Receiving Tauranga Receiving (Hazardous) Tauranga Receiving (Reefer)* Tauranga Cut-Off; MSC CORINNA (CRN) KE045A: KE045R: KEX: Nelson: 21-Nov-20 11:00: 26-Nov-20 14:05: 27-Nov-20 05:05: Tanjong Pelepas: 14-Nov-20 11:00: 24-Nov-20 13:30: 15-Nov-20 00:01: 24-Nov-20 10:00: MAINE TRADER (MTR) 021: 022: NZS: Napier: 26-Nov-20 19:00: 27-Nov-20 07:05 : 28-Nov-20 11:13: Port … Search × Search. We are the most horizontally and vertically integrated port in the country. Steve is currently the Chief Financial Officer, having held that position since 2007 and been with Port of Tauranga for 31 years in financial management of the Port. The aim is to handle up to 3 million containers a year. Cairns makes no bones about how much was on the line. Port of Tauranga is exactly the opposite.". The 5,500 square metre store employs around 140 staff and thanks to Tauranga Crossing’s positioning near three major highways, welcomes customers from a total trade area of 284,370 shoppers. We welcome your suggestions on … Carter Holt owns pulp and paper mills at Tokoroa, Kawerau and Whakatane. The Northland Port Corporation was formed in 1988 to take over the commercial port assets of the Northland Harbour Board, and it entered a joint venture with Port of Tauranga Ltd in 2000 to establish Northport Ltd . More immediately, discussions are under way with potential new import car customers, and dairy and bottled water exporters in the eastern Bay of Plenty. More than 90 per cent of staff own shares in the company. Menu. "It doesn't allow a rational and logical supply chain to develop. Tauranga Airport features a new check-in area, open space seating, extended views to the runway, and a new café, providing a welcoming space for passengers and visitors. Port of Tauranga is exactly the opposite." The Northland Harbour Board first proposed a container port at Marsden Point in the 1960s, at which time Whangarei was served by Port Whangarei, in the upper harbour near the city. Cairns has just delivered listed Port of Tauranga's record result for the 2018 year. Steven Gray. "I don't think it'll be in FY19, but pretty sure there's growth there in cargo in FY20 for us.". "For the local council it's been an exceptional investment.". Morrison, who owns and operates Pak’n Save Tauriko at the centre, says the store has already outperformed his expectations. "Seems to be when you cast your lines off, you leave all your stresses on land.". He currently holds a number of directorships in port related companies. Northport Ltd, the operating company of the port at Marsden Point, is jointly owned (50:50) by Port of Tauranga and Marsden Maritime Holdings. Trade Me is an internet auction website operating in New Zealand.Managed by Trade Me Ltd., the site was founded in 1999 by New Zealand entrepreneur Sam Morgan, who sold it to Fairfax in 2006 for NZ$700 million. Port of Tauranga Limited receives from the … Close to several major arterial routes, with a train link to the Tauranga container terminal and its own railway siding, MetroPort is a customs bonded area and fully licensed Ministry of Agriculture and Forestry site. The strategy is paying off. An unpublished feature of the strong financial result was an offer to staff of an interest-free loan for three years to buy $5000 worth of shares at a 30 per cent discount. He likes the fact that the share register has plenty of mum and dad investors. This site has been developed to keep our customers, our business partners, our shareholders and our community up to date with what’s happening at Port of Tauranga. But it doesn't sound as though any associate firm or subsidiary which sprang a surprise which affected continuous disclosure would get to do it twice. There have been a few of those stresses in recent years. Lister says Port of Tauranga is a fine example of how the public-private ownership model can work really well. IBISWorld provides company profiles on the top 2,000 organisations that drive Australia’s economy. ', I … The container story shows that's not the case. Lots of practice," says Cairns, who has spent 13 years helming the port company, 54 per cent owned by the Bay of Plenty Regional Council. Trade Me was publicly listed as a separate entity … It accounts for 43% of the Bay’s gross regional product and 6.6% of New Zealand’s GDP. "But I think our investors must like us if they're happy to buy and hold". He says "a lot of sweating" also went into the port's ambitious play to accommodate the world's biggest cargo ships, via a six-year, $350 million capital expansion programme to seal its future as New Zealand's premier freight gateway and hub and feeder port. Quayside has assets of over $2.6 billion, including a 54% stake in the Port of Tauranga, as well as other real estate, share and commercial investments. The Port of Tauranga is 54% owned by the Bay of Plenty Regional Council. Long term, the big ships have the potential to deliver more than $300m in annual savings to the country's exporters and importers, the port said at the time. "Compare it with the 100 per cent [council] ownership of the Ports of Auckland. Dependent on the level of imputation credits attached to dividends, the Company will pay supplementary dividends to non residential shareholders. Port of Tauranga owns a 50% shareholding in PrimePort Timaru and operates its container terminal. Port of Tauranga owns 190 hectares of land on both sides of Tauranga Harbour, with about 40 hectares still available for development. The New Zealand port sector isn't for the fainthearted. Port of Tauranga Limited - Financial Statements. Craigs Investment Partners head of wealth research, Mark Lister, says the strategy has been executed "very well". "Surprises really infuriate me," says Cairns. At 56, I don't feel I've got another CEO gig in me (at a different company). While the event was outside the port's control and jurisdiction, it copped blame from locals as their beaches and waters were sullied with oil, containers and debris, and businesses as well as wildlife suffered. Port of Tauranga chief executive Mark Cairns. The company owns three purpose-built tugs and two pilot launches. And he likes the commercial approach to business that a mixed ownership model requires. ". But they're a mix worth exploring, when working out what makes him tick. The critics, of course, are other ports. Contact 1: +64 7 572 8731: Contact 2: +64 7 572 8765: … "Ports of Auckland has basically been subsidised by poor old Auckland ratepayers for a long time, continuing to under-perform and under-deliver. Napier Port is proud to be the shipping gateway connecting the centre of New Zealand with the people and markets of the world. Supplementary dividends offset the effect of non-resident withholding tax. Ports of Auckland owns a fifth of Marsden Maritime Holdings, which owns the port at Marsden Point. Mark Cairns' brain is geared to the left side - logic, physics and maths, all the stuff that makes an engineer. Home; Parking. Contact. Jon Safey is a Nelson based Professional Director and Consultant. In 2013, Port of Tauranga entered into a strategic alliance with PrimePort Timaru. Tauranga Container Terminal 1129 "I've had a pretty good innings. Lister says Gray has been a "very capable right-hand man" for Cairns. Pilot and towage services are also provided at the port. It's sailing under the flag of [GB] United Kingdom. Mostly initially from Auckland through [our] Metroport then through the big ship strategy. Cairns says that, at a time when the company is trading on a price-earnings multiple of nearly 40, "the last thing you want to do is under-shoot your guidance". Getting out on the water is his stress release. "I've always said that if ports simply priced an investment to achieve a cost of capital return, a natural hierarchy of ports would emerge quite quickly. It's tough to make a margin and sniping and rivalry is fierce among the 13 ports - far too many, some would say. MPI Approved transitional Facility Number: It's coming up for seven years since the container ship Rena grounded on the Bay of Plenty's Astrolabe Reef, but it feels like yesterday to Cairns, who says it was "a dark time". Cairns always aimed to head a publicly listed company. "If you look at this [2018 year] result, most of the growth in containers has come from trans-shipments – containers from other ports around the country. The port also gets wrongly blamed for the traffic congestion that has come with Tauranga's explosive growth, says Cairns. Jon Safey. The latest financial results showed the hub port role gaining momentum, with trans-shipments from other New Zealand ports and Australia up 23.3 per cent on the previous year, container volumes up 8.9 per cent, a 13.7 per cent lift in imports and an 8.2 per cent rise in exports. "You'd never catch them making the sorts of decisions that don't have financial discipline behind them and that's been to the benefit of all the retail investors that have done very well out of the port over the years. This site has been developed to keep our customers, our business partners, our shareholders and our community up to date with what’s happening at Port of Tauranga. Port of Tauranga. It operates wharves at Tauranga, Mount Maunganui and Timaru, as well as MetroPort, a rail-linked inland port in South Auckland. "It was a lot of money and the board put a lot of commercial tension around it.". For more information visit covid19.govt.nz. Lyttelton Port was listed between 2008 and 2013 when the Christchurch City Council repurchased the shares. Cairns: "A lot of people say running a port is an easy job because it has a natural monopoly in geographic catchment of cargo. This despite the Ports Company Act requiring a port to be operated as a successful business. The Port of Tauranga’s dividend policy is to steadily increase dividends year on year consistent with Company performance. There will come a time I'd love to see we've been able to grow a chief executive within the company. It's chalk and cheese," he says. He currently chairs Rangatira Ltd, Douglas Pharmaceuticals Ltd, Northport and Port of Tauranga Ltd. David is also currently a trustee of New Zealand Community Trust. While it would be easy for Cairns to dismiss sniping from ports that earn dismal returns on equity (Tauranga's is 9-plus per cent) but still promote grand spending plans, he is frustrated that the sector "doesn't have good capital disciplines". We hold investments in other New Zealand ports, stevedoring, marshalling and logistics companies. Cairns and his team are well down the track with planning its growth for the next decade. We're continuing to work hard to keep the supply chain running as we move to COVID-19 Alert Level 2. COVID-19 information: Face coverings are required on all New Zealand domestic flights from 19 November 2020 until further notice. There is capacity to nearly triple current cargo volumes by developing another 40 hectares of waterside land it owns. If you run it commercially the market will sort itself out," he says, noting official statistics which say 70 per cent of New Zealand's export-import demand comes from the Waikato and north. We welcome your suggestions on how we can improve or expand the information we have available. After studying in Wellington for three years, Rachael moved back to the sunny Bay of Plenty to pursue a career in HR. The estimated time of arrival as calculated by MyShipTracking vessel tracking app is 2020-12-04 05:05 LT . The Tauranga Energy Consumer Trust, which owns 26.8% of Trustpower, also deserves an honourable mention, having distributed dividends of about $400 million to consumers and community groups since 1993. This week Port of Tauranga raised $100 million through a five-year fixed-rate wholesale bond issue at just 1.02 per cent. No-one could call the water sports fan and petrolhead a big noter. The analysis was gruelling and the commercial risk was high. Port of Tauranga Ltd chief executive Mark Cairns said the agreement was beneficial for both parties. Phone: +64 7 572 8899: Fax: +64 7 572 8800: General: Marketing: HR: Health & Safety: Emergency & Customer Services. The Port of Tauranga currently owns 50.1% of TLC and is buying the remaining 49.9% that partner Kotahi Logistics LP Ltd has held since 2014. That's proven not to be the case. We hold investments in other New Zealand ports, stevedoring, marshalling and logistics companies. So what makes a bloody good fisherman? The Port believes container throughput could more than double in the coming years through land reconfiguration, stacking cranes and other technology. She’s been with Port of Tauranga, New Zealand’s largest and most efficient cargo gateway, since 2019 and absolutely loves it. In late 2016, following completion of dredging to deepen and widen the port's shipping channels, the first of the monster ships tied up at Tauranga, the only New Zealand port able to accommodate them on international services. He says his career reward comes from developing people, by giving them the resources, promotion and opportunity to achieve above their personal expectations. Advertisement. It's 11 days from here to North Asia.". "The moment I get a feeling from the board or shareholders that it's time for a fresh set of eyes, I'll be off and pursue a professional director career. Providing access was only part of the job. One day his blue Holden was parked in Port Rd when Beach Hop organiser Noddy Watts walked past. It's been a drag on ratepayers. Cairns says he has a "fantastic" chief financial officer in Steve Gray, CFO of the year in Deloitte's Top 200 awards last year. Lister doesn't pull his punches: "Some of those council-owned ports across New Zealand are an embarrassment in terms of their returns to ratepayers or being run efficiently.". The port company owns 190 hectares, compared with Ports of Auckland's 75ha, and within that land holding Tauranga has 40ha, presently on short term rental, available for development. It's actually a faster service (for Asia-bound cargo) to come up from Napier to here. Port of Tauranga is New Zealand’s largest port by volume of cargo and New Zealand’s international freight gateway. Advertise with NZME. ", • Job: Chief executive, Port of Tauranga for 13 years• Age: 56• Born: Napier• Interests: diving, fishing, sailing, "mad petrolhead"• Previous roles: Chief executive, Toll Owens; chief executive, Owens Cargo Co• Family: Married, two children, • 11th largest company in NZX50• Market capitalisation $3.5 billion• 22 million tonnes cargo a year • NZ's biggest container port • Subsidiaries and associates include: 50% of PrimePort Timaru; 50% of Timaru container terminal; 50% of Northport, Mighty Ape sold to Aussie retailer in $128m deal, NZ smartphone market: Who's up, who's down, Opponents lose Appeal Court attempt against Waiheke's first commercial marina, Former high-cost lender hit with ComCom warning, Lockdowns and road cones: Auckland's stuggle to recover during challenging year, South Auckland shootings: Man arrested after explosives found in raid. But the port company is the jewel in the crown. Cairns says he has a "fantastic" chief financial officer in Steve Gray, CFO of the year in Deloitte's Top 200 awards last year.
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