Third Quarter 2023 Trade Volumes

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NZX AND MEDIA RELEASE
10 July 2023
Napier Port third-quarter and nine-months 2023 trade
volumes
Napier Port (NZX.NPH) today releases trade volume data for the third quarter and nine months ended 30
June 2023. Compared to the nine months in 2022, containerised cargo volume decreased by 10% and
bulk cargo volume decreased by 16.4%. The decrease was more pronounced for the third quarter with
containerised cargo volume reducing by 31.6% and bulk cargo volume reducing by 28.6%.
Chief Executive, Todd Dawson, said: “Following a strong start to the financial year, the third quarter to
June 2023 has been challenging. As anticipated, we have seen reduced volumes due to the impact of
Cyclone Gabrielle. Damage to seasonal crops have resulted in lower volumes of export apples and other
produce, and the closure of Pan Pac’s wood processing facilities has seen a significant reduction in wood
pulp and timber volumes.”
Mr Dawson added that while the trade volumes were in line with Napier Port’s expectation that trading
would remain subdued in the second half of the financial year, with a return towards traditional export
flows next year, unexpected weather and swell events during June had restricted shipping and softened
the volumes further.
“We will provide a further update when we release our nine-month interim financial results on 16 August
2023” Mr Dawson said.
Container Services
Total container volumes for the third quarter of 56k TEU
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decreased 31.6% from 82k TEU in the same
period a year ago as the after-effects of Cyclone Gabrielle were felt across nearly all containerised cargo
types.
For the nine months year to date to June, total container volumes of 175k TEU have decreased 10% from
194k TEU in the same period a year ago. Full container volumes have decreased 17.1%, and empty and
other container movements decreased 0.7%.
Dry export cargo for the third quarter decreased 38.8% to 10k TEU as Pan Pac’s wood pulp and timber
mills remained closed.
Reefer export cargo for the third quarter decreased 26.5% to 14k TEU. The decrease was driven by lower
volumes of export apples and fresh and other chilled produce due to weather related crop losses.
Containerised imports for the third quarter decreased 45.6% to 21k TEU primarily due to empty containers
not being required for export cargo.
Other container movements for the third quarter decreased 12.5% to 5k TEU due to lower DLR
movements.
Container vessel calls for the third quarter were 72, up from 54 calls in the prior year.

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Twenty-foot container equivalent unit.

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Bulk Cargo
Total bulk cargo volume, compared to the same periods a year ago, decreased 28.6% for the third quarter
to 0.7 million tonnes, and decreased 16.4% for the nine months to 2.3 million tonnes.
Log export volumes decreased 165k tonnes, or 21.4%, to 609k tonnes for the third quarter and 337k
tonnes, or 16.1%, to 1,753k tonnes for the nine months due to adverse weather, damaged roading
infrastructure and subdued log export market conditions.
Charter vessel calls for the third quarter were 58, down from 81 calls in the prior year, and principally due
to lower log export volumes.
Cruise Services
There were a further two cruise vessel calls in the third quarter, bringing the 2022-23 season total to 64
calls. Presently there are 92 cruise bookings for the 2023-24 season.

ENDS
For more information:

Investors Media
Kristen Lie Jo-Ann Young
Chief Financial Officer Corporate Affairs Manager
DDI: +64 6 833 4405 DDI: +64 6 833 4521
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/

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Napier Port Third Quarter 2023 Trade Volume Data
The below trade volume data provides a summary of third quarter and nine months ended 30 June 2023
results compared to the prior period.
Container Services
TEU (000s)^
Q3
FY2023
Actual
Q3
FY2022
Actual
9 Months
FY2023
Actual
9 Months
FY2022
Actual
Exports



Wood pulp & timber 5 11 27 34

Canned food / other food & beverage 2 2 6 6

Other dry 2 2 7 7

Total dry 10 16 40 47


Apples & pears 9 12 12 16

Meat 3 4 10 12

Fresh & other chilled produce 2 3 7 10

Total reefer 14 20 29 37


Empty 6 2 11 6

Total exports 30 37 80 90

Imports



Dry 5 8 19 23

Reefer 1 1 3 3

Empty 15 30 57 67

Total imports 21 39 78 93


Other container movements (‘DLRs
and Tranships’)
5 6 17 12

Total Container Services volume 56 82 175 194

Vessels



Container ship calls 72 54 182 156

^Rounded to nearest thousand TEU


Bulk Cargo
Kilotonnes
Q3
FY2023
Actual
Q3
FY2022
Actual
9 Months
FY2023
Actual
9 Months
FY2022
Actual

Log exports 609 774 1,753 2,090

Other exports 13 54 84 135

Imports 89 168 423 479

Total Bulk Cargo volume 711 996 2,259 2,703

Vessels

Charter vessel calls 58 81 207 236

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Cruise Services

Q3
FY2023
Actual
Q3
FY2022
Actual
9 Months
FY2023
Actual
9 Months
FY2022
Actual
Vessels



Cruise vessel calls 2 - 64 1