Accountable Ministers
Minister for Finance and Treasury and Minister for Infrastructure Development
Responsible Minister
Minister for Infrastructure Development
Board of Directors
| Director | Position | Expiry |
| Johny Sy | Chairman | 17/12/2021 |
| Stephen W Maesiola | Member | 20/12/2021 |
| Michael Wate | Member | 20/12/2021 |
| Gabriel Suri
Ali Homelo |
Member
Member |
18/11/2022
18/11/2022 |
| Moses Virivolomo
Donald Kudu |
Member
Member |
10/02/2022
10/02/2023 |
Activities
Solomon Islands Ports Authority (SIPA), is a State-owned Enterprise established under the Ports Act 1956 (amended in 1996) to operate the ports of Honiara and Noro. SIPA is subject to the State-owned Enterprises Act 2007 and State-owned Enterprises Regulations 2010.
SIPA is governed by a board of directors that is responsible to the Accountable Ministers, being the Responsible Minister and the Minister of Finance. The Responsible Minister is the Minister of Infrastructure Development.
Vision and Mission
SIPA’s mission is “to become the hub port of the South Pacific”.
Financial Highlights
| (SBD ‘000) | 2013 | 2014 | 2015 | 2016 | 2017 | 5-yr Average | |
| Revenue | 98,145 | 107,273 | 135,401 | 240,839 | 215,023 | 159,336 | |
| Net Profit After Tax | 1,205 | -6,549 | 26,327 | 122,653 | 84,741 | 45,675 | |
| CSO payments | 0 | 0 | 0 | 0 | 0 | – | |
| Total Assets | 379,743 | 389,348 | 415,974 | 696,579 | 778,750 | 532,079 | |
| Total Liabilities | 19,909 | 19,201 | 19,502 | 187,454 | 184,884 | 86,190 | |
| Shareholders Funds | 359,834 | 370,146 | 396,472 | 509,125 | 593,866 | 455,889 | |
| ROE % | 0.3% | -1.8% | 6.6% | 24.1% | 14% | 8.6% | |
| ROA % | 0.3% | -1.7% | 6.3% | 17.6% | 11% | 6.7% | |
| Asset Utilization | 26% | 28% | 33% | 35% | 27.6% | 30% | |
| Cash / Current liabilities | 2.678 | 1.470 | 3.136 | 11.422 | 13.348 | 6.41 | |
Important Documents
Website