Napier Port trade volume data for the year to 30 September 2019 released recently shows trading volumes in line with forecasts released at the time of the launch of its initial public offer in July of this year. Higher export volumes were driven by a record export season for apples.
Napier Port intends to provide volume data updates on a quarterly basis as part of its reporting program on an ongoing basis. Napier Port’s 2019 financial results will be published on 19 November 2019.
Combined export and import trade TEU volume of 267k was 2.5% above forecast for the year and 3.2% higher compared to 2018. Combined with fewer Discharge, Load, Restows (DLRs or ‘other container movements’) the total container TEU volume of 271k was 1% ahead of forecast and 2% ahead of the prior year.
Missed calls due to weather events and shipping service changes contributed to lower container vessel calls than forecast.