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2021 Annual Trade Volumes

Operational Update12 October 2021NPHIndustrials

NZX AND MEDIA RELEASE
13 October 2021

Napier Port 2021 financial year trade volumes

Napier Port (NZX.NPH) today releases trade volume data for the fourth quarter and financial year ended

30 September 2021 showing the company moving record cargo volumes despite widespread

disruptions to global supply chains and renewed COVID-19 restrictions.

Bulk cargo trade volume increased 26.6% to a record 3.95 million tonnes including record log exports,

while containerised cargo volume increased to 276k TEU

1

, up 2.9% on the prior year.

Napier Port Chief Executive Todd Dawson said: “Record log export volumes for the year of 3.02 million

tonnes is a great result for our log export customers and our team, and has been driven by sustained,

strong offshore demand for New Zealand wood. This is despite harvesting ceasing during the COVID-

19 Alert Level 4 lockdown during August 2021.

“To also achieve container volume growth, given lockdowns, seasonal labour shortages, global shipping

congestion and disrupted supply chains is another great outcome for Napier Port. The result

demonstrates the resilience of our region, the determination of our customers, and the benefits that

come with our diverse regional trade base.

“We look forward to providing further detail when we release our financial results for the year to 30

September 2021 in November,” Mr Dawson said.

Container Services

Total container volumes for the fourth quarter increased 3.3% to 61k TEU from 59k TEU in the same

period a year ago due to increased refrigerated meat and apple exports, general cargo and empty imports,

offset by lower wood pulp and timber exports.

Total annual container volumes increased 2.9% to 276k TEU from 268k TEU in the prior year. Full

container volumes (i.e. excluding empties and other container movements) increased 1.3%, and empty

and other container movements increased 5.1%.

Containerised exports for the year of 127k TEU were in line with the prior year. Dry exports decreased

3.4% to 67k TEU from 69k TEU in the prior year mainly due to lower wood pulp and timber volumes.

Wood pulp and timber volumes were impacted by shipping schedule disruptions, shipping capacity

constraints during the year and plant maintenance and shutdowns earlier in the year. Reefer exports

increased 4.7% to 57k TEU from 54k TEU mainly due to higher meat exports. Full year apple and pear

reefer export volumes reduced 1.5% to 25k TEU compared to the prior year.

Containerised imports increased by 1.7% to 132k TEU from 130k TEU in the prior year as general cargo

imports grew, while reefer and empty imports were in line with the prior year.

Other container movements for the year, including DLRs and transhipped containers, increased 58.4% to

17k TEU due to increased container repositioning related to supply chain disruptions.


1

Twenty foot container equivalent unit

Container vessel calls for the year were down to 242 ships from 293 ships last year, due to ongoing
disruptions to shipping schedules and days of restricted shipping due to weather events.

Bulk Cargo

Bulk cargo total volume for the fourth quarter of 1.06 million tonnes was 18.8% higher than the same

period a year ago. Log export volumes for the quarter of 0.78 million tonnes increased 8.1% due to a

continuation of strong log export market conditions, despite the halting of harvesting during the Alert Level

4 pandemic restrictions in August. Import bulk volumes increased 56.2% to 0.24 million tonnes due to

higher volumes of fertiliser.

For the year to September, total bulk cargo volume achieved a record 3.95 million tonnes, 26.6% higher

than the 3.12 million tonnes record in the prior year. The largest component, log exports, achieved a

record 3.02 million tonnes, 27.6% higher than the 2.37 million tonnes in the prior year due to strong log

export market conditions throughout the year. Strong increases were also recorded for imported oil

products and fertiliser, and export wood pulp and dry bulk cargo.

Charter vessel calls increased to 343 from 304 last year, as a result of the increase in bulk cargo volume.

Cruise Services

No cruise vessels have called during the financial year due to the closed international border. Last year

76 cruise ships called at Napier Port.

Napier Port 2021 Trade Volume Data
The below trade volume data provides a summary of fourth quarter and year ended 30 September 2021

results compared to the prior period.

Container Services

TEU (000s)^

Q4

FY2021

Actual

Q4

FY2020

Actual

FY2021

Actual

FY2020

Actual

Exports




Wood pulp & timber 11 13 48 50


Canned food / other food & beverage 2 2 8 8


Other dry 3 3 11 12


Total dry 16 18 67 69



Apples & pears 6 6 25 26


Meat 4 3 18 16


Fresh & other chilled produce 2 1 13 13


Total reefer 12 10 57 54



Empty 1 2 4 5


Total exports 29 29 127 128


Imports




Dry 8 7 30 28


Reefer 1 1 4 4


Empty 20 19 98 98


Total imports 29 27 132 130



Other container movements (‘DLRs

and Tranships’)

3 2 17 11


Total Container Services volume 61 59 276 268


Vessels




Container ship calls 51 70 242 293


^Rounded to nearest thousand TEU



Bulk Cargo

Kilotonnes

Q4

FY2021

Actual

Q4

FY2020

Actual

FY2021

Actual

FY2020

Actual


Log exports 775 717 3,019 2,365


Other exports 51 26 195 140


Imports 238 152 737 616


Total Bulk Cargo volume 1,064 896 3,950 3,121


Vessels


Charter vessel calls 87 81 343 304


Cruise Services


Q4

FY2021

Actual

Q4

FY2020

Actual

FY2021

Actual

FY2020

Actual

Vessels



Cruise vessel calls - - - 76



ENDS

For more information:


Investors Media

Kristen Lie Jo-Ann Young

Chief Financial Officer Communications Manager

DDI: +64 6 833 4405 C: +64 27 214 3750

E: kristenl@napierport.co.nz E: jo-anny@napierport.co.nz



About Napier Port

Napier Port is New Zealand’s fourth largest port by container volume. We are the gateway for Hawke’s Bay and

lower North Island’s exports and operate a long-term regional infrastructure asset that supports the regional

economy. Our strategic purpose is to collaborate with the people and organisations that have a stake in helping

our region grow. View Napier Port’s investor centre: www.napierport.co.nz/investor-centre/

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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