Port company sees operation growth

AL WILLIAMS
Last updated 08:54 15/11/2012
primeport
SUPPLIED
PrimePort

Relevant offers

Industries

The biosecurity threats to the New Zealand economy Hamilton's Park International Country Club for sale Huka Lodge owner loses multimillion dollar lawsuit Making buildings accessible to all Hellaby boss to step down Air New Zealand to add more than 650,000 domestic seats Wellington Airport returns at 'acceptable' levels Lucy Lawless film new show in Auckland Wellington needs a runway extension: Property Council Auckland company fined after employee crushed by truck

PrimePort is making a positive start in moving forward after a tough year, chief executive Jeremy Boys says.

Timaru's port company had a fulltime staff of 75 until the loss of container trade, redundancies, the return of container trade and then an annual net loss of $7.4 million. With a revised structure, that number has been reduced to 35 fulltime staff and a pool of casuals.

The new Mediterranean Shipping Company (MSC) container service started on October 10.

"In its first weeks of operation we are seeing excellent growth but look to further support from our local and national exporters to achieve the targets we need," Mr Boys says.

PrimePort has budgeted for an annual target of 25,000 20-foot-equivalent container units.

"The opportunity remains to at least double this, given the high local production. It has been a positive start and we appreciate the support by MSC and the community as we project forward."

Mediterranean Shipping has signalled its commitment to the South Island, taking a 12-year lease in Amherst Properties' new $20m office and retail development in Gloucester St, Christchurch.

The new MSC Capricorn service is a weekly direct call to Australia and Singapore that retains links with the previous Amer- ican service via Napier and Tauranga.

Ad Feedback

- The Timaru Herald

Comments

Special offers

Featured Promotions

Sponsored Content