After studying in Wellington for three years, Rachael moved back to the sunny Bay of Plenty to pursue a career in HR. Port of Tauranga owns a 50% shareholding in PrimePort Timaru and operates its container terminal. This week Port of Tauranga raised $100 million through a five-year fixed-rate wholesale bond issue at just 1.02 per cent. Port of Tauranga chief executive Mark Cairns. Port of Tauranga is exactly the opposite.". Click here for appointment times and locations: Website Designed by Wave Design & developed by eLogic. "I don't think it'll be in FY19, but pretty sure there's growth there in cargo in FY20 for us.". The Port of Melbourne is the largest port for containerised and general cargo in Australia. "These big ships and their economies are just too well established now. 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. 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". No-one could call the water sports fan and petrolhead a big noter. "Surprises really infuriate me," says Cairns. "Ports of Auckland has basically been subsidised by poor old Auckland ratepayers for a long time, continuing to under-perform and under-deliver. One day his blue Holden was parked in Port Rd when Beach Hop organiser Noddy Watts walked past. 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. PORT OF TAURANGA. Steven Gray. 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 … Virtually all our growth has come from catchments outside the Bay of Plenty region. Lyttelton Port was listed between 2008 and 2013 when the Christchurch City Council repurchased the shares. Manager: +64 9 583 9688 (internal ext 90688) Email: Shuttle Select. "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. Jewel in the crown. Port of Tauranga is exactly the opposite." He says his career reward comes from developing people, by giving them the resources, promotion and opportunity to achieve above their personal expectations. She’s been with Port of Tauranga, New Zealand’s largest and most efficient cargo gateway, since 2019 and absolutely loves it. Contact. 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.". It's actually a faster service (for Asia-bound cargo) to come up from Napier to here. It's tough to make a margin and sniping and rivalry is fierce among the 13 ports - far too many, some would say. But the port company is the jewel in the crown. 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. Cairns always aimed to head a publicly listed company. 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 Port of Tauranga is 54% owned by the Bay of Plenty Regional Council. The estimated time of arrival as calculated by MyShipTracking vessel tracking app is 2020-12-04 05:05 LT . COVID-19 information: Face coverings are required on all New Zealand domestic flights from 19 November 2020 until further notice. Morrison, who owns and operates Pak’n Save Tauriko at the centre, says the store has already outperformed his expectations. 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 currently holds a number of directorships in port related companies. 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. The company owns three purpose-built tugs and two pilot launches. Contact 1: +64 7 572 8731: Contact 2: +64 7 572 8765: … With the falling dollar, fuel prices and bunker fuel will go up, which will make the big ships even more attractive.". "Compare it with the 100 per cent [council] ownership of the Ports of Auckland. He likes the fact that the share register has plenty of mum and dad investors. It's chalk and cheese," he says. 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. There have been a few of those stresses in recent years. The vessel's current speed is 14.8 Knots and is heading at the port of TAURANGA. MetroPort, located in Auckland’s industrial, warehousing and distribution area, was set up in 1999 by the Port of Tauranga. We welcome your suggestions on … Port of Tauranga is New Zealand’s largest port by volume of cargo and New Zealand’s international freight gateway. 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. Phone: +64 7 572 8761: Fax: +64 7 546 9685: Email: Metroport Auckland. The critics, of course, are other ports. The New Zealand port sector isn't for the fainthearted. Jon Safey is a Nelson based Professional Director and Consultant. 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. 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 (POT) already owns 50.1 per cent of the country’s largest containerised freight managing company it set up in 2013 to … 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. 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. 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. 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. ", • 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. LEARN MORE. Providing access was only part of the job. Ports of Auckland owns a fifth of Marsden Maritime Holdings, which owns the port at Marsden Point. Tony is a former senior executive of the Port of Tauranga with 30 years’ experience in port developments, property, and commercial contracts. In 2013, Port of Tauranga entered into a strategic alliance with PrimePort Timaru. Getting out on the water is his stress release. It's been a drag on ratepayers. Port of Tauranga Limited - Financial Statements. 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. "I like the transparency that every dollar you spend is not your own. 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. "There's quite significant cargo potential there," says Cairns. Port of Tauranga invested $21 million to buy half of PrimePort in 2013, and set up an inland freight depot at Rolleston over the road from Lyttelton Port's depot to divert more trade to Timaru. 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. 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. Tauranga Container Terminal 1129
Advertise with NZME. Port of Tauranga owns 190 hectares of land on both sides of Tauranga Harbour, with about 40 hectares still available for development. More than 90 per cent of staff own shares in the company. 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 Limited receives from the … 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. So what makes a bloody good fisherman? 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. There will come a time I'd love to see we've been able to grow a chief executive within the company. Photo / File. "For the local council it's been an exceptional investment.". 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. Jon Safey. The analysis was gruelling and the commercial risk was high. We are the most horizontally and vertically integrated port in the country. More immediately, discussions are under way with potential new import car customers, and dairy and bottled water exporters in the eastern Bay of Plenty. ', I … Dependent on the level of imputation credits attached to dividends, the Company will pay supplementary dividends to non residential shareholders. Phone: +64 7 572 8899: Fax: +64 7 572 8800: General: Marketing: HR: Health & Safety: Emergency & Customer Services. Cairns says he has a "fantastic" chief financial officer in Steve Gray, CFO of the year in Deloitte's Top 200 awards last year. Cairns: "A lot of people say running a port is an easy job because it has a natural monopoly in geographic catchment of cargo. Port of Tauranga. Port of Tauranga – New Zealand's Port for the Future. "Seems to be when you cast your lines off, you leave all your stresses on land.". The aim is to handle up to 3 million containers a year. There is capacity to nearly triple current cargo volumes by developing another 40 hectares of waterside land it owns. Phone: +64 7 572 8888: Tauranga Container Terminal. Supplementary dividends offset the effect of non-resident withholding tax. pie_chart Port of Tauranga Limited Financial Profit & Loss Account. At 56, I don't feel I've got another CEO gig in me (at a different company). Tony was appointed to the board in November 2014. "Practice. Cairns makes no bones about how much was on the line. It accounts for 43% of the Bay’s gross regional product and 6.6% of New Zealand’s GDP. MPI Approved transitional Facility Number:
The container story shows that's not the case. Mostly initially from Auckland through [our] Metroport then through the big ship strategy. The strategy is paying off. Search × Search. 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. But they're a mix worth exploring, when working out what makes him tick. • 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. Lister says Gray has been a "very capable right-hand man" for Cairns. That's proven not to be the case. It operates wharves at Tauranga, Mount Maunganui and Timaru, as well as MetroPort, a rail-linked inland port in South Auckland. Port of Tauranga Ltd chief executive Mark Cairns said the agreement was beneficial for both parties. We welcome your suggestions on how we can improve or expand the information we have available. So what's next for this company, which Lister says has delivered "an exceptionally good" track record of earnings and dividend growth? And he likes the commercial approach to business that a mixed ownership model requires. 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. 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. IBISWorld provides company profiles on the top 2,000 organisations that drive Australia’s economy. We hold investments in other New Zealand ports, stevedoring, marshalling and logistics companies. Lister says Port of Tauranga is a fine example of how the public-private ownership model can work really well. It's shareholders' money. It's 11 days from here to North Asia.". 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. Mark Cairns' brain is geared to the left side - logic, physics and maths, all the stuff that makes an engineer. We're continuing to work hard to keep the supply chain running as we move to COVID-19 Alert Level 2. Advertisement. Asciano is a major Australian transport operator with revenue of A$3.4 billion in the year to June 2012. That multiple makes the stock expensive he says. The port also gets wrongly blamed for the traffic congestion that has come with Tauranga's explosive growth, says Cairns. 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. "But I think our investors must like us if they're happy to buy and hold". "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. 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. The Napier Port will join Port of Tauranga on the NZX. It's sailing under the flag of [GB] United Kingdom. We had to back ourselves to attract that cargo. The Port of Tauranga’s dividend policy is to steadily increase dividends year on year consistent with Company performance. Napier Port is proud to be the shipping gateway connecting the centre of New Zealand with the people and markets of the world. "He said 'who owns the Holden? "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. Northport Ltd, the operating company of the port at Marsden Point, is jointly owned (50:50) by Port of Tauranga and Marsden Maritime Holdings. It is developing an intermodal freight hub in Rolleston. The Port believes container throughput could more than double in the coming years through land reconfiguration, stacking cranes and other technology. For more information visit covid19.govt.nz. Home; Parking. Cairns, 56, isn't the one making a meal of his qualifications. Cairns says he has a "fantastic" chief financial officer in Steve Gray, CFO of the year in Deloitte's Top 200 awards last year. 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". Menu. 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.". We are the most horizontally and vertically integrated port in the country. 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. Cairns has just delivered listed Port of Tauranga's record result for the 2018 year. 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". Cairns and his team are well down the track with planning its growth for the next decade. 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 . "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. Carter Holt owns pulp and paper mills at Tokoroa, Kawerau and Whakatane. 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. 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. 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. "It doesn't allow a rational and logical supply chain to develop. Craigs Investment Partners head of wealth research, Mark Lister, says the strategy has been executed "very well". Pilot and towage services are also provided at the port. We've made great strides with getting rail to work for us properly. "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. Trade Me was publicly listed as a separate entity … This despite the Ports Company Act requiring a port to be operated as a successful business. The vessel SPIRIT OF MELBOURNE (IMO: 9362413, MMSI: 232013521) is a Container Ship that was built in 2007 ( 13 years old ). 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. I feel incredibly privileged to have had this opportunity. 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. "I've had a pretty good innings. "It was a lot of money and the board put a lot of commercial tension around it.". We hold investments in other New Zealand ports, stevedoring, marshalling and logistics companies.