Third Quarter 2024 Trade Volumes

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NZX AND MEDIA RELEASE
9 July 2024
Napier Port third-quarter and nine-months 2024 trade
volumes
Napier Port (NZX.NPH) today releases trade volume data for the third quarter and nine months ended 30
June 2024. Compared to the third quarter in 2023, containerised cargo volume increased by 29.6% and
bulk cargo volume increased by 7.4%. For the nine months to June, containerised cargo volume
decreased by 2.3% and bulk cargo volume increased by 17.1%.
Chief Executive Todd Dawson said: “During the third quarter we saw the continuing regional trade
recovery following the Cyclone Gabrielle event in February 2023. Containerised volumes were driven by
the ongoing bounce back of refrigerated exports of fresh produce, apples and meat, together with higher
exports of wood pulp and timber as Pan Pac’s production mills continued their recovery ramp up.
“Bulk cargo volumes for the third quarter were driven by continued solid log export volumes, albeit these
were softer than the first half as expected due to reduced volumes of Central North Island windthrown
logs and unprocessed logs from Pan Pac.
“We will provide a further update when we release our nine-month interim financial results on 22 August
2024.” Mr Dawson said.
Container Services
Total container volumes for the third quarter of 72k TEU
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increased 29.6% from 56k TEU in the same
period a year ago, as a result of the continuing regional recovery following the product losses caused by
Cyclone Gabrielle in the prior year comparative period.
For the nine months to June, total container volumes of 171k TEU decreased 2.3% from 175k TEU in the
same period a year ago. Full container volumes decreased 1.7%, and empty and other container
movements decreased 3%.
Dry export cargo for the third quarter increased 35.3% to 13k TEU with Pan Pac’s wood pulp and timber
mill volumes continuing to rebuild from their damage and closure following Cyclone Gabrielle.
Reefer export cargo for the third quarter increased 25.6% to 18k TEU primarily due to apple exports and
fresh and other chilled produce in the prior period being impacted by weather related crop losses.
Containerised imports for the third quarter increased 54.4% to 32k TEU primarily due to the empty
container repositioning required for increased export cargo.
Other container movements for the third quarter increased 29.8% to 7k TEU due to higher DLR
movements.
Container vessel calls for the third quarter were 60, down from 72 calls in the prior year.
Bulk Cargo
Total bulk cargo volume, compared to the same periods a year ago, increased 7.4% for the third quarter
to 0.8 million tonnes, and 17.1% for the nine months to 2.6 million tonnes.

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Twenty-foot container equivalent unit.

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Log export volumes increased 28k tonnes, or 4.6%, to 637k tonnes for the third quarter and 437k tonnes,
or 24.9%, to 2,189k tonnes for the nine months. The strong volume momentum of the first half year slowed
in the third quarter, in line with anticipated decreases in volumes from central north island windthrown
forests and unprocessed logs sourced from Pan Pac.
Charter vessel calls for the third quarter were 57, down from 58 calls in the prior year.
Cruise Services
There was one further cruise vessel call in the third quarter, bringing the 2023-24 season total to 89 calls.
Presently there are 89 cruise bookings for the 2024-25 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 2024 Trade Volume Data
The below trade volume data provides a summary of third quarter and nine months ended 30 June 2024
results compared to the prior period.
Container Services
TEU (000s)^
Q3
FY2024
Actual
Q3
FY2023
Actual
9 Months
FY2024
Actual
9 Months
FY2023
Actual
Exports



Wood pulp & timber 9 5 21 27

Canned food / other food & beverage 2 2 5 6

Other dry 2 2 7 7

Total dry 13 10 33 40


Apples & pears 11 9 15 12

Meat 4 3 11 10

Fresh & other chilled produce 3 2 10 7

Total reefer 18 14 36 29


Empty 2 6 7 11

Total exports 33 30 77 80

Imports



Dry 5 5 17 19

Reefer 1 1 3 3

Empty 27 15 63 57

Total imports 32 21 82 78


Other container movements (‘DLRs
and Tranships’)
7 5 12 17

Total Container Services volume 72 56 171 175

Vessels



Container ship calls 60 72 184 182

^Rounded to nearest thousand TEU


Bulk Cargo
Kilotonnes
Q3
FY2024
Actual
Q3
FY2023
Actual
9 Months
FY2024
Actual
9 Months
FY2023
Actual

Log exports 637 609 2,189 1,753

Other exports 27 13 82 84

Imports 100 89 375 423

Total Bulk Cargo volume 764 711 2,647 2,259

Vessels

Charter vessel calls 57 58 176 207

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Cruise Services

Q3
FY2024
Actual
Q3
FY2023
Actual
9 Months
FY2024
Actual
9 Months
FY2023
Actual
Vessels



Cruise vessel calls 1 2 89 64