Wednesday 21st Nov, 2018

Wellington’s CentrePort bouncing back after 2016 earthquake

Photo: CentrePort
Photo: CentrePort

CENTREPORT announced a NZ$2m interim dividend, which it says is a reflection of the company’s bounce-back from the impact of the 2016 Kaikoura earthquake, which put its container cranes out of commission for 10 months.

CentrePort chairman Lachie Johnstone said the dividend payment was a result of the port returning to pre-earthquake levels of performance in most business units.

“The business is operating strongly with volumes of logs, cars and petroleum at or surpassing pre-quake numbers, and well on the way back in container volumes. We’ve also experienced a bumper cruise ship season,” he said.

“Our people have done a tremendous job in the quake response and ongoing remedial work while getting on with ‘business as usual’.”

Chief Executive Derek Nind said customers, contractors and other partners had played critical roles in the bounce-back.

“Our customers showed patience while we dealt with significant challenges including the two ship-to-shore cranes being out of action for ten months,” he said.

“Contractors and partners such as those involved in our regional CentreRail strategic partnerships have helped get us get back into a position to pay a dividend. While there are ongoing challenges, CentrePort is looking to the future with confidence.”

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