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Wellington Branch - February Meeting
Branch Secretary Ken Watt reports: A small number of members attended the February meeting after which we boarded a coach for a tour of the port area.
Derek Nind, CEO of CentrePort boarded the bus at the port entrance and proceeded to give both an engaging and informative commentary as we were driven on a route around the port land.
The need for the recovery programme was clearly evident. The number of buildings which have been demolished cleared the way see more easily the effect of the sinkage and uneven deformation of the reclaimed land.
It was clear that the demolitions following the earthquake has necessitated a rethink of where the port's future lies. The optimism and enthusiasm offered by Derek in his narrative certainly led to the feeling that the changes being undertaken would meet the the current perceived demands of the Wellington hinterland.
As always the mix of cargo moving through the Port fluctuates subject to world commodity demand and pricing.
Log shipments and associated business opportunities feature well and have a thirty year horizon. The importation of cars provides an acceptable contribution to income but the future of cruise ships calling at the port is much more problematic. If this industry does take off in 2022, as is possible, these ships will be berthed at an elderly refurbished shed towards the north end of Aotea Quay.
Container operations have been much more challenging. With only about 150 metres of usable berth being available and the nature of the surface of the back up area, has resulted in the use of straddle carriers being phased out.
Through-puts are slowly recovering and it is hoped that the port will enjoy some natural growth volumes. Serious, below ground engineering, piling and refilling were visible at the ends of the container berth.
In summary it appears that it has been the payout of structure and loss of income insurance, (circa. $0.6 billion NZ) which has not only prevented bankruptcy but is allowing CentrePort to resume activities with a clean slate and develop a satisfactory waterfront business suitable for the 21st century.
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