TasPorts and South Port report significant annual results

TasPorts has released its 2025-26 Annual Report, noting that over 14 million tonnes of freight moved through Tasmanian ports. The organization invested $74.7 million into critical infrastructure during the 2026 financial year to upgrade facilities. CEO Allan Gray stated that the ports are essential to the Tasmanian economy, noting that the company returned $23.6 million to the Tasmanian Government through dividends and income tax equivalents. The Port of Burnie remained the state’s busiest, accounting for 35.3 per cent of total tonnage. Forestry product volume increased by 5 per cent, while containerized freight grew by 3.6 per cent.

In New Zealand, South Port reported record profit, revenue, and cargo volumes for the year ending June 30. After-tax profit rose 21 per cent to $16.11 million, while revenue increased 14 per cent to $71.8 million. Total cargo volumes grew 11.5 per cent to a record 3.9 million tonnes. The company attributed this growth to activity in the agriculture, forestry, renewable energy, and aluminium sectors. South Port is currently conducting long-term planning to optimize infrastructure and is monitoring regional developments such as wind farms and aquaculture projects.