| The Hawke's Bay Regional Council holds a 100% shareholding in Port of Napier Limited. The Port Company operates as a fully autonomous subsidiary of the Regional Council. Council appoints the Directors of the Company. | 
Port of Napier |
The Council's shareholding in the Port of Napier is disclosed in the Statement of Financial Position as an investment and is recorded at a fair value.
The Port company continues to operate profitably and is in a sound financial position.
Port of Napier Limited:
- Provides a commercial harbour, comprising deep water wharves, land and buildings which are essential to the proper and safe operation of an international port.
- Ensures the provision of such pilotage, towage and mooring services to vessels utilising Port of Napier, as may be required from time to time.
- Ensures an efficient and competitive cargo handling service is provided, which meets the special requirements of all cargoes and commodities, by type and configuration (e.g. breakbulk, unitised and containerised).
- Aggressively promotes and markets Port of Napier to shipping lines, importers and exporters and the wider Hawke's Bay Region.
- Provides and/or contracts such technical, administrative or specialised services as may be required to achieve these objectives.
- Maintains an Environmental Management Plan to provide a systematic review of responsible environmental management practices and procedures and a framework for ongoing monitoring and practical improvements.