Port Napier overtakes Ports of Auckland in export volumes

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Napier Port has overtaken Ports of Auckland to become the North Island's second largest export port, its annual results show.

Tauranga holds the No 1 spot.

The East Coast port's annual report shows a 2 percent increase in exports to over 3.7 million tonnes, much of it being forestry-based products. Log volumes were close to 1 million tonnes.

An 8.5% lift in the number of containers handled to the end of September saw a record 204,065 TEUs (20-foot equivalents), which makes Napier Port the fourth largest container port in the country.

Revenue increased 11% to $60.3 million and net profit was $11.08 million.

"As we convert our growth aspirations into reality, Napier Port's significance at a national level continues to increase," chief executive Garth Cowie says.

"Our growth has been based on a superior service model, understanding individual customer's business needs and tailoring transport logistics to those requirements whenever possible."

Mr Cowie says Napier Port has now achieved a record 373 – and counting – days with no lost-time injuries, which he says is a considerable achievement in an environment of heavy containers and cargoes, moving machinery vessels and people.

(BusinessDesk)


This article is tagged with the following keywords. Find out more about MyNBR Tags

2 Comments & Questions

Commenter icon key: Subscriber Verified

Which goes to show why the lunatic left shouldn't run businesses.

Reply
Share
  • 0
  • 0

The luncatic left were responsible for Hanover, David Ross, AIG, etc, I suppose?

Reply
Share
  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7680 0.0000 0.00%
AUD 0.9866 0.0000 0.00%
EUR 0.7101 0.0000 0.00%
GBP 0.5130 0.0000 0.00%
HKD 5.9663 0.0000 0.00%
JPY 91.3140 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1202.7 5.690 2015-04-17T00:
Oil Brent 63.5 1.740 2015-04-17T00:
Oil Nymex 55.7 -1.000 2015-04-17T00:
Silver Index 16.2 -0.050 2015-04-17T00:

Indices

Symbol Open High Last %
NZX 50 5881.8 5884.7 5881.8 -0.34%
NASDAQ 4966.1 4974.1 5007.8 -1.52%
DAX 11942.4 12019.8 11998.9 -2.58%
DJI 18102.6 18102.6 18105.8 -1.54%
FTSE 7060.4 7093.5 7060.4 -0.93%
HKSE 27808.2 27969.4 27739.7 -0.31%
NI225 19810.4 19815.2 19885.8 -1.17%