Fiji Ports Corporation Limited and Fiji Ports Terminal have announced a $15.6 million dividend payout to its shareholders for the 2022 financial year.
Prime Minister Sitiveni Rabuka presided over the dividend and bonus payout event, marking a significant milestone in recognizing the outstanding efforts and achievements of Fiji Ports Corporation and Fiji Ports Terminal in facilitating Fiji’s import and export trade.
Rabuka revealed that Fiji Ports Corporation and Fiji Ports Terminal collectively contribute to 90 per cent of Fiji’s imports and export activities making them an integral part to the nation’s economic development.
He said to leverage Fiji’s strategic geographic location, the Government actively strives to establish the country’s ports the regional maritime hub of the South Pacific.
“It is the vision of my Government that our Ports must grow from strength to strength to cement its position as the regional maritime hub.”
“In the area of transshipment, it is the vision of the coalition government to explore and secure opportunities to capture new transshipment volumes that will see our ports reach their full potential.”
The event also served as an occasion to commend the achievements of both corporations throughout the year.
Fiji Ports Corporation was recently honoured with the prestigious “Excellence in e-commerce transformation Award” and the esteemed “Best crisis recovery award” at the Prime Ministers Business Excellence Awards.
Additionally, Fiji Ports Corporation was recognized internationally receiving the esteemed “Akiyama Award” at the International Association of Ports and Harbors awards acknowledging their dedication towards smart and green port transformations.
The Prime Minister announced a bonus payout for staff of Fiji Ports Corporation at $248,217 whereas a bonus payout for staff at Fiji Ports Terminal at $688,000.
Meanwhile, Fiji Ports Corporation Limited Board Chair, Peter Wise stated that FPCL paid out $15.6 million as dividends where the government which owns 41% shares received $6.389 million, FNPF which owns 39% received $6.078 million and 20% shareholder Aitken Spence received $3.166 million.
