NAPIER Port trade volume data for the year to 30 September shows trading volumes in line with forecasts released at the time of the launch of its initial public offer back in July.
Napier Port intends to provide volume data updates on a quarterly basis as part of its reporting program on an ongoing basis. Napier Port’s 2019 financial results will be published on 19 November.
Combined export and import trade TEU volume of 267,000 was 2.5% above forecast for the year and 3.2% higher compared to 2018. Combined with fewer discharge, load, restows, the total container TEU volume of 271,000 was 1% ahead of forecast and 2% ahead of the prior year.
Higher export volumes were driven by a record export season for apples, increased meat exports and decreased canned food/other food exports.
Missed calls due to weather events and shipping service changes contributed to lower container vessel calls than forecast.
Bulk Cargo total volume of 3,404,000 tonnes was 1% above forecast for the year. Log volumes were in line with forecasts, supported by higher log volumes from the Gisborne region during the fourth quarter. Other exports were lower than forecast due to fewer exports of bulk timber and lower tallow volumes, amongst other smaller categories.
The 70 cruise vessel calls for the 2019 financial year were in line with forecasts and represented 22.8% growth compared to 2018.