Napier Port (NZX.NPH) today released trade volume data for the third quarter and nine months ended June 30, 2022. Compared to the third quarter of 2021, containerized cargo volume increased by 1. 5% and bulk cargo volume decreased by 2%.

Napier Port Managing Director Todd Dawson said: “We are pleased to see improved trading volumes this quarter, following a difficult start to the year in the first half. Volumes for the quarter were broadly in line with the prior year, indicating an easing of some of the additional pressures we faced earlier in the year.

“Container shipping conditions throughout the third quarter were largely unchanged from the first half as schedule reliability continued to be unpredictable leading to missed or delayed ships and higher cargo trade on fewer ship calls.

“Log volumes for the quarter remained relatively strong, despite a slight decline from the prior year, largely because the third quarter of 2021 was the highest quarterly log export volume ever recorded in the country. Port of Napier.

“Despite improving volumes since the first half of the fiscal year, we continue to see the impact of shipping constraints, coupled with reduced overall production within customer operations caused by Covid, labor shortages -work and weather events.”

Container services

Total container volumes for the third quarter of 82,000 TEUs increased 1.5% from 80,000 TEUs in the same period a year ago due to higher other container movements and containerized imports offsetting decline in reefer container exports.

For the nine months year-to-date through June, total container volumes of 194,000 TEUs were down 9.8% from 215,000 TEUs in the same period a year ago. Full container volumes decreased by 9.1%, and empty and other container movements decreased by 10.8%.

Dry cargoes exported in the third quarter rose 1.3% to 16,000 TEUs as higher wood pulp and canned foods offset lower wood volumes.

Refrigerated export freight for the third quarter fell 13.7% to 20,000 TEUs. The decline is attributable to lower volumes of export apples and fresh and chilled products. Lower volumes of apples are exported due to labor shortages in the industry and weather events during harvest. Other chilled product volumes declined due to lower onion exports, also due to labor shortages in the industry and weather events earlier in the year.

Containerized imports for the third quarter rose 1.9% to 39,000 TEUs due to continued growth in dry imports. Dry imports rose 5.4% in the nine months to June compared to the same period in 2021.

Other container movements for the third quarter increased by 87.5% to 6,000 TEUs due to increased DLR movements.

Container ship calls for the third quarter were 54, down from 58 calls a year earlier.

Bulk goods

Total bulk cargo volume, compared to the same periods a year ago, decreased 2% for the third quarter to 1.0 million tonnes, and decreased 6.3% for the nine months to 2 .7 million tons.

Log export volumes decreased by 42,000 tonnes, or 5.1%, to 774,000 tonnes for the third quarter and by 154,000 tonnes, or 6.9%, to 2,090,000 tonnes for the nine months, as relatively high export volumes were maintained and export conditions remained largely unchanged from the first half of the year.

Charter vessel calls for the third quarter were 81, down from 89 calls a year earlier, and primarily due to higher average vessel loading sizes for log charters.

Cruise services

A domestic cruise ship called during the nine months. With the recent removal of border restrictions, cruise ship calls are expected to resume in the next fiscal year.

Napier Port notes that it intends to provide a further interim update to the NZX market regarding our June quarter trading results on August 24, 2022.

ENDS

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