Port of Tauranga Pricing in Aft and to the Fore, Rating Amidship
We downgrade Port of Tauranga (POT) to NEUTRAL from OUTPERFORM given recent share price strength and an apparently softer volume backdrop through...
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Transport Trends: Turbulence Aloft, Safe Harbours Ashore
The fuel crisis has shifted into an inverted dead cat bounce, with jet fuel and the crack spread proving again to be a severe challenge for the...
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Port of Tauranga Investor Day—Setting the Course
POT generated a 5.3% ROIC on its operational assets in FY25. We believe consensus earnings for FY27 (group EBIT at ~NZ$249m) are broadly consistent...
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Port Of Tauranga 1H26—Picking Up Steam
The second half will be more nuanced given the structural changes to MetroPort and the Maersk contract renewal, both effective 1 December 2025.
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Port Of Tauranga - 1H26 Preview—Piering Ahead
With volume growth constrained until completion of the berth extension, we view pricing as the primary earnings lever over the medium term.
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