Posted on August 24, 2015
By Simon Hartley, Otago Daily Times
Port of Tauranga is in the early stages of reaping the benefits of its expansion in the North and South Islands, posting revenue and profit gains for its year to June.
As the country’s largest port, by volume, POT is beginning its channel-deepening programme in October.
It expects 6500TEU (20-foot equivalent container units) vessels by late 2016 and predicts that from 2016-17 it will be handling more than 1million TEUs.
The intensity of port competitiveness was reflected earlier this week when Ports of Auckland announced it was opening an inland freight hub at Mount Maunganui, in direct competition with POT.
Auckland also has freight hubs in the Manawatu and South Auckland.
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