Napier Port sets new records

Wednesday 16 Jan 2019

 
Napier Port reported another record profit this year as the amount of cargo handled also hit a record. Net profit lifted 5.4 percent to $17.6 million in the year ended 30 September on a 5 .8 percent increase in revenue to $91.7 million, its annual report shows.

The port handled a record 5.1 million tonnes of cargo, with log exports lifting 35 percent to a record 2.2 million tonnes. A total of 266,006 containers or twenty- foot equivalent units passed through the port’s container terminal, and the port’s onsite packing operation handled a record 51,126 TEU containers.

Apple exports exceeded 23,000 TEU containers for the first time, while fertiliser, cement and oil imports remained relatively steady.

“We saw an extraordinary amount of cargo come through Napier Port the previous financial year as a result of earthquake damage to Wellington’s port. To not only match that figure this year, but to beat it by more than 320,000 tonnes, really shows the pace of growth in Hawke’s Bay," chief executive Todd Dawson said.

He said the port is also handling larger ships and a growing cruise industry.

A total of 684 ships called at Napier this year, including 57 cruise ships, he said. Cruise tourism in the region is flourishing, with a record 103,000 passengers visiting Napier shores in the 2017-2018 cruise season. Figures from Statistics New Zealand figures show those cruise passengers spent $23 million on credit cards alone.

The port paid $10 million in dividends to the Hawke's Bay Regional Investment Company.


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