Northland Port Corporation (NZ) Ltd (NZX:NTH) has today advised of the Board of Directors’ decision to change the company’s registered name to Marsden Maritime Holdings Limited with effect from 4 August 2014.
The company’s three-letter New Zealand Stock Exchange ticker will be MMH.
The change will reduce ongoing confusion between the operations and interests of the company and those of Northport Ltd, the deep-water port at Marsden Point owned jointly by Northland Port Corporation and Port of Tauranga Ltd. It will also better reflect the company’s various marine and property interests.
Marsden Maritime Holdings will remain the designated port company.
“While Northport is a vital part of our asset portfolio it is not the only part,” said NPC chief executive Graham Wallace.
“Our substantial property assets absorb much of our focus and recently we acquired the neighbouring Marsden Cove marina which we intend to use to help develop activity on our land holdings.
The company’s new logo speaks to this diverse array of interests; blue represents the ocean, green depicts the land and yellow stands for the coastline that unites them.
“Our new name and logo better reflect our vision for the Greater Marsden Point area and we believe it will convey this ambition more effectively to potential business partners and the investment community,” Wallace said.