Port of Tauranga nets cargo business

The port company has agreed to buy cargo handling and inventory system firm, Owens Services BOP, which has operations not only in Tauranga but also at nine other New Zealand ports.

Port chairman, Fraser McKenzie, says Owens Services BOP are specialists in the preparation, handling, storage, customs documentation and security of cargo, as well as the coordination of resources for cargo delivery by land, sea or air.

"Five years ago, our relationship was further strengthened when we entered a joint venture to establish The Cargo Company, which provides onwharf cargo consolidation and storage services.

"The success of this venture encouraged the Port of Tauranga and Owens Services BOP to further review possible synergies. The purchase agreement reflects the view of both companies that this new ownership arrangement provides a logical path to future growth."

Head of Owens Services BOP, John Burn, says the business will continue to operate as a completely stand-alone company, retaining its name and the menu of services provided in Tauranga and at nine other ports around New Zealand.

"Our ongoing separate identity reflects the unique services we provide to importers and exporters."

The Port of Tauranga is New Zealand's leading export port by volume and the second largest container port.

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