Sharechat Logo

Port builds on log exports

By Chris Hutching

Friday 5th April 2002

Text too small?
The volume of log exports through Port Marlborough in the second half of 2001 rose 70% and the trend is expected to continue.

Marlborough has more than 57,000ha planted in pinus radiata forest and over the next two to three years the wood flow in the district is expected to reach 700,000cu m.

In the six months to December 2001 the port enjoyed a revenue boost of 9.6% and pre-tax profit of $2.75 million. In the year to June 2001 revenue was $11 million, providing a pre-tax profit of $5.08 million.

In February 2000 Port Marlborough developed the Shakespeare export berth, now the deepest in New Zealand (16m at low tide). Waimahara Wharf, a 200m multi-purpose berth at Shakespeare Bay, is used by large timber and bulk carriers.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
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:

Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report
VCT - Operational performance for the year ended 30 June 2024
Challenge to banks the way to go
Bigger returns or lower risk?
NPH - Director Appointment
July 19th Morning Report