PNG Ports Corporation Ltd serves the nation’s needs for the transportation of goods and people and acts as Papua New Guinea’s gateway to the world as the primary national port facilities provider.
It is a State Owned Entity (“SOE”) whose ownership is vested in trust with the Kumul Consolidated Holdings (formerly IPBC) on behalf of the Government of PNG.
It is one of the oldest state owned entities in Papua New Guinea. It is the sole authority over all declared ports in the country and manages 15 of the 23 declared ports in PNG.
They are Lae, Port Moresby, Kimbe, Madang, Alotau, Rabaul, Kavieng, Oro Bay, Kieta, Buka, Vanimo, Lorengau, Wewak, Daru and Aitape.
Traditionally the core business of PNG Ports was to act as a land lord authority where berthing, pilotage and wharfage services are provided for shipping companies and storage provided for container and generalised cargo transiting through its ports. These ports handle in excess of over 5.8 million tonnes of cargo annually.
PNG Ports is vested with a delegated authority by the Department of Transport (DoT) to provide harbour management and maritime compliance responsibilities at all land/water interfaces (wharves and jetties) declared and non-declared ports and harbours throughout the country.
Its essential port services are regulated by ICCC under a regulatory contract that is currently in force until the end of 2014. The regulatory contract specifies a price path for the charging of prices for all essential port services (i.e. Berthage, Berth Reservation and Wharfage).
In its remodernisation effort the company has begun investing in terminal infrastructures, facilities and people and has undertaken customer care approach to establish relationships and work closely with customers and business partners and key stakeholders to provide quality services.
CEO is responsible for the overall management of the company supported by an executive management group. Total workforce as at the end of March 2013 was 856.
PNG Ports continues to face the challenges of ensuring that an appropriate level of manpower ceiling is maintained to ensure that the needs of the business in facilitating the efficient movement of goods are facilitated at all our ports.
The Company is managed by a Board of Directors whose members are appointed by the National Executive Council (NEC) on recommendation from IPBC. The Board of Directors then appoints the Chief Executive Officer.