Napier Port container volumes down

Friday 26 Apr 2024

Napier Port (NZX.NPH) has released their trade volume data for the half year ended 31 March 2024. Compared to the same period a year ago, total container volumes decreased 17.3%, total bulk cargo volumes increased 21.6%, and cruise vessel calls increased from 62 to 88.

As anticipated, due to the impact of Cyclone Gabrielle on key customers’ production facilities, container volumes are down for the half year. However, during the second quarter we have seen a positive bounce back in refrigerated exports of horticulture, meat and other chilled produce as growing conditions across spring and summer have been favourable. Imports and other container movements, such as transshipments, are down and in line with the national trend of slower general domestic economic conditions.

Despite soft export market demand in China, log volumes were particularly strong during the half year with good volume momentum sustained from our underlying catchment areas. Central north island windthrown forests and additional unprocessed log volume from closures at Pan Pac’s fibre manufacturing operations following Cyclone Gabrielle, also contributed to the strong log volume result.

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Source: Napier Port

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