Half Year 2024 Trade Volumes

NZX AND MEDIA RELEASE
9 April 2024
Napier Port half year 2024 trade volumes
Napier Port (NZX.NPH) today releases trade volume data for the half year ended 31 March 2024.
Compared to the same period a year ago, total container volumes decreased 17.3%, total bulk cargo
volumes increased 21.6%, and cruise vessel calls increased from 62 to 88.
Chief Executive Todd Dawson said: “As anticipated, due to the impact of Cyclone Gabrielle on key
customers’ production facilities, container volumes are down for the half year. However, during the second
quarter we have seen a positive bounce back in refrigerated exports of horticulture, meat and other chilled
produce as growing conditions across spring and summer have been favourable. Imports and other
container movements, such as transhipments, are down and in line with the national trend of slower
general domestic economic conditions.
“Despite soft export market demand in China, log volumes were particularly strong during the half year
with good volume momentum sustained from our underlying catchment areas. Central north island
windthrown forests and additional unprocessed log volume from closures at Pan Pac’s fibre manufacturing
operations following Cyclone Gabrielle, also contributed to the strong log volume result.
“We will provide a further update when we release our financial results for the half year on 22 May 2024”
Mr Dawson said.
Container Services
Total container volumes for the second quarter of the 2024 financial year decreased 6.3% to 56k TEU
from 59k TEU in the same period a year ago. For the half year, total container volumes of 98k TEU
decreased 17.3% from 119k TEU in the prior period.
Full container volumes (i.e. excluding empties and other container movements) during the half year
period decreased 14.2% while empty and other container movements decreased 20.4%, compared to
the same period a year ago.
Reefer export cargo for the half year increased 25.9% to 18k TEU, driven primarily by the return of trades
impacted by Cyclone Gabrielle and favourable growing conditions in Hawke’s Bay across spring and
summer. Export meat volumes increased 11.5%, apple exports increased 24.8%, and fresh and other
chilled produce including squash and onions increased 47.6%.
Dry export cargo for the half year reduced 34.8% to 20k TEU with Pan Pac’s wood pulp and timber mill
volumes still rebuilding following Cyclone Gabrielle. Containerised imports for the half year decreased by
13% from 57k TEU to 50k TEU. The decrease was primarily driven by fewer empty containers imported
in the first quarter on lower export volumes. Dry imports decreased 16% to 12k TEU on lower general
cargo and manufactured items.
Other container movements for the half year, including DLRs and transhipped containers, decreased 55%
from 12k TEU to 5k TEU due to decreased transhipment and restow activity.
Container vessel calls for the half year were 124, up from 110 calls in the prior year.

Bulk Cargo
Total bulk cargo volume, compared to the same periods a year ago, increased 53.1% for the second
quarter to 0.87 million tonnes, and 21.6% for the half year to 1.88 million tonnes.
Log export volumes increased 330k tonnes, or 81.3%, for the second quarter and 408k tonnes, or 35.7%
for the half year with good volume momentum sustained by harvesting of central north island windthrown
forests and additional unprocessed log volume following Cyclone Gabrielle. In addition, the prior
comparative export period was effectively shortened following Cyclone Gabrielle in mid-February 2023.
Charter vessel calls decreased to 119 from 149 in the same half year period a year ago due to lower non-
log bulk cargo volumes.
Cruise Services
There were 88 cruise vessel calls during the half year period, and a total of 89 cruise vessel calls for the
2023-24 season, which completed in early April. In the same half year period a year ago there were 62
cruise vessel calls.

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/

Napier Port Half Year 2024 Trade Volume Data
The below trade volume data provides a summary of second quarter and half year ended 31 March 2024
results compared to the prior period.
Container Services
TEU (000s)^
Q2
FY2024
Actual
Q2
FY2023
Actual
HY2024
Actual
HY2023
Actual
Exports



Wood pulp & timber 6 9 12 21

Canned food / other food & beverage 2 2 3 4

Other dry 2 2 4 5

Total dry 10 13 20 30


Apples & pears 3 2 4 3

Meat 4 3 8 7

Fresh & other chilled produce 6 3 7 5

Total reefer 13 9 18 15


Empty 2 3 5 5

Total exports 25 25 43 50

Imports



Dry 6 6 12 14

Reefer 1 1 2 2

Empty 20 21 36 42

Total imports 26 29 50 57


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

Total Container Services volume 56 59 98 119

Vessels



Container ship calls 66 63 124 110

^Rounded to nearest thousand TEU


Bulk Cargo
Kilotonnes
Q2
FY2024
Actual
Q2
FY2023
Actual
HY2024
Actual
HY2023
Actual

Log exports 736 406 1,552 1,144

Other exports 30 23 56 71

Imports 107 141 275 334

Total Bulk Cargo volume 873 570 1,883 1,548

Vessels

Charter vessel calls 55 57 119 149

Cruise Services

Q2
FY2024
Actual
Q2
FY2023
Actual
HY2024
Actual
HY2023
Actual
Vessels



Cruise vessel calls 68 42 88 62