Sharechat Logo

Ports of Auckland, Napier Port target efficiency gains in proposed tie-up

Wednesday 3rd August 2016

Text too small?

Ports of Auckland and Napier Port have announced a strategic alliance they say will help improve services for freight customers and save exporters and importers money through a more efficient supply chain.

The marine transport hubs will look at ways to align their services, which they said would reduce costs for exporters and importers without providing any detail. 

"The strategic alliance builds on Napier Port and Ports of Auckland’s existing joint venture in Palmerston North’s Longburn regional freight hub and will support Ports of Auckland’s regional freight hub network strategy to manage the growing freight market," the operators said in a statement. "This strategy helps to balance freight flows, provides exporters with choice, improves access to overseas markets and reduces exporters’ costs due to supply chain efficiencies."

The deal is the latest in a series of moves by the Auckland port operator to expand its network across the North Island and fend off similar moves by rival Port of Tauranga. 

Napier Port chief executive Garth Cowie today said the alliance fit with Auckland's weighting towards imports and Napier's strong export base, and better international freight links would benefit Hawke's Bay and support local employment opportunities.

Cowie said Napier Port's vision was to become the leading provider of port and logistic solutions in central New Zealand. The operator is planning a new wharf to accommodate larger ships and cargo demand. 

Last week, the government announced it would invest $25 million in improving road access to the port, part of $245 million being invested in land transport in the Hawke’s Bay region over the next three years.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar falls with Aussie after Westpac's RBA rate cut call
Intuit juggernaut grows QuickBooks subscribers but momentum slows
Reaction to Budget rules relaxation shows balance 'about right', says Ardern
Augusta lifts net profit six fold as investors flock into new funds
Annual exports to China top $15 billion for first time
Gentrack posts $8.7M loss on CA Plus write-down
Westpac says RBNZ capital proposals would add $6,000 p.a. to an Auckland mortgage
Cavalier says market conditions still challenging
Ryman hikes dividend as annual earnings grow on wider development margin
24th May 2019 Morning Report

IRG See IRG research reports