Report from BusinessDesk
Napier Port has overtaken Ports of Auckland to become the North Island’s second largest export port, its annual results show.
The East Coast port’s annual report shows a 2 percent increase in exports to over 3.7 million tonnes, much of it being forestry-based products. Log volumes were close to 1 million tonnes.
An 8.5% lift in the number of containers handled to the end of September saw a record 204,065 TEUs (twenty foot equivalents), which makes Napier Port the fourth largest container port in the country.
The port’s revenue increased 11% to $60.3 million, and net profit was $11.08 million.
“As we convert our growth aspirations into reality, Napier Port’s significance at a national level continues to increase,” said chief executive Garth Cowie. “Our growth has been based on a superior service model, understanding individual customer’s business needs and tailoring transport logistics to those requirements whenever possible.”
Cowie says Napier Port has now achieved a record 373, and counting, days with no lost time injuries which he says is a considerable achievement in an environment of heavy containers and cargoes, moving machinery vessels and people.