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Napier Port Holdings Limited (NZX: NPH) First Quarter 2021 Trade Volumes

Friday 15th January 2021

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Napier Port today releases trade volume data for the first quarter ended 31 December 2020. Compared to the same period in the prior year, trade volumes increased 8.2% for bulk cargo led by growth in log exports. Containerised cargo decreased 3.9% due to lower empty container volume diluting the positive regional economic activity and overall growth in underlying containerised cargo volume shipped through Napier Port.

Chief Executive Todd Dawson said: “We are pleased with the first quarter trade volumes, which indicate the recovery is continuing across our regional primary sector trade base. The bounce back we saw in log exports in the last quarter of our 2020 financial year has been sustained and complemented by strong quarterly volume in our other bulk cargo trades as a result of robust regional economic activity.

“Underlying containerised cargo volume, particularly increased meat exports, has also demonstrated growth in the quarter.

“Total container volumes are down and reflective of the current challenges with global supply chain movements and the availability of empty containers, which remains an area of focus as we approach our peak produce export season“.

See the link below for more details:

NPH First Quarter 2021 Trade Volumes

Source: Napier Port Holdings Limited

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