First Quarter 2024 Trade Volumes
NZX AND MEDIA RELEASE
15 January 2024
Napier Port first-quarter 2024 trade volumes
Napier Port (NZX.NPH) today releases trade volume data for the first quarter ended 31 December 2023,
showing continued reduced containerised volumes and continued good momentum for log exports.
Compared to the buoyant first-quarter 2023, trade volumes decreased 28.3% for containerised cargo,
increased 3.2% for bulk cargo, and remained the same for cruise, with 20 vessels calling.
This is in line with expectations that the pace of recovery following Cyclone Gabrielle in February 2023
will become progressively clearer, and the company looks forward to the recommencement of Pan
Pac’s timber and pulp manufacturing operations as well as the new season’s agricultural and
horticultural produce coming on stream during the second quarter of our 2024 financial year.
Container Services
Total container volumes decreased by 28.3% to 43k TEU
1
from 60k TEU in the same period a year ago.
Underlying full, or “cargo laden”, container volumes (i.e. excluding empties and other container
movements) decreased 29.4% and total empty and other container movement volumes decreased 27.1%.
Dry export cargo decreased by 42.4% to 10k TEU from 17k TEU in the same period a year ago. This is
mainly due to Pan Pac’s wood pulp and timber mills remaining closed following Cyclone Gabrielle.
Reefer export cargo decreased by 9.5% to 5k TEU from 6k TEU as small decreases were observed for
apples and pears and fresh and other chilled produce.
Containerised imports decreased by 18.3% to 24k TEU from 29k TEU. The decrease was driven by empty
container imports decreasing 19% to 16k TEU as a result of lower export volumes. Dry imports decreased
22.4% to 6k TEU on lower general cargo and manufactured items.
Other container movements, including DLRs and transhipped containers, decreased to 1k TEU from 6k
TEU due to lower container repositioning activity and improved national shipping schedules compared to
the prior year.
Container vessel calls increased to 58 ships from 47 ships in the prior year.
Bulk Cargo
Total Bulk Cargo volume of 1.01 million tonnes increased 3.2% compared to the same period a year ago.
Log exports increased 10.6%, continuing the positive momentum seen in the fourth quarter of 2023.
Charter vessel calls decreased to 64 from 92 in the same quarter a year ago as a result of lower non-log
export bulk cargo volumes.
Cruise Services
Cruise vessel calls during the first quarter were 20, in line with the same period in the prior year.
Assuming no further booking cancellations, Napier Port now has actual calls plus remaining bookings
totalling 91 cruise vessels for this cruise season.
1
Twenty-foot container equivalent unit.
Napier Port First-Quarter 2024 Trade Volume Data
The below trade volume data provides a summary of the results for the first quarter ended 31 December
2023 compared to the same period in the prior year.
Container Services
TEU (000s)^
Q1
FY2024
Actual
Q1
FY2023
Actual
Exports
Wood pulp & timber 6 12
Canned food / other food & beverage 1 2
Other dry 2 2
Total dry 10 17
Apples & pears - 1
Meat 4 4
Fresh & other chilled produce 1 2
Total reefer 5 6
Empty 3 2
Total exports 18 25
Imports
Dry 6 8
Reefer 1 1
Empty 16 20
Total imports 24 29
Other container movements (‘DLRs and Tranships’) 1 6
Total Container Services volume 43 60
Vessels
Container vessel calls 58 47
^Rounded to nearest thousand TEU
Bulk Cargo
Kilotonnes
Q1
FY2024
Actual
Q1
FY2023
Actual
Log exports 816 738
Other exports 26 47
Imports 168 193
Total Bulk Cargo volume 1,010 978
Vessels
Charter vessel calls 64 92
Cruise Services
Q1
FY2024
Actual
Q1
FY2023
Actual
Vessels
Cruise vessel calls 20 20
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/
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.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- POT — Port of Tauranga Limited: POTL Annual Meeting 2023: Chair & Chief Executive’s Address2023-10-27
“Our total container volumes for the period decreased 20.9% to just over 250,000 TEU, with the main impact from reduced transhipment volumes decreasing 31% as a result from changes in vessel rotations. Containerised imports are down 23% on the previous year reflecting weaker dome…”
- SPN — South Port New Zealand Limited: South Port NZ Ltd – Interim Report to 31 December 20232024-03-11
“Financial Performance Reduced volumes across the majority of South Port’s key commodities and inflationary pressure on costs have negatively impacted South Port’s financial performance in the first half of the financial year. Both the agricultural and forestry sectors have be…”
- SPN — South Port New Zealand Limited: AMENDED – South Port – Interim Report to 31 December 20232024-03-14
“Financial Performance Reduced volumes across the majority of South Port’s key commodities and inflationary pressure on costs have negatively impacted South Port’s financial performance in the first half of the financial year. Both the agricultural and forestry sectors have be…”