Napier Port (NZX:NPH) gives a sneak peek into annual trade volumes

October 13, 2021 04:14 PM NZDT

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Neha Simpy - Senior Research Editor
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Neha is a Senior Research Editor at Kalkine Pty Limited, with a degree in journalism from Jamia Millia Islamia. She has written and edited articles pertaining to various sectors of Australia and New Zealand Stock Exchanges. She firmly believes ...
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Port and logistics services company — Image source: Aun Photographer, Shutterstock.com

Highlights

Napier Port released fourth quarter and fiscal year closed September this year’s trade volume data.

During the fourth quarter, total container volumes rose by 3.3% to 61K TEU from 59K on pcp.

Provider of logistics and port services Napier Port Holdings Limited (NZX:NPH) has of late published fourth quarter and fiscal year closed September this year’s trade volume data.

Trade volume data for the Q4 2021

The results demonstrate Napier Port shifting record cargo volumes irrespective of prevalent disturbances to international supply and restrictions pertaining to COVID-19.

The Company experienced a surge of 26.6% in the bulk cargo trade cargo to a record 3.95 million tonnes. It also comprised of record log exports. On the other hand, containerised cargo volume, receiving a boost of 276 TEU, rising by 2.9% on pcp.

Total container volumes for Q4 2021

During the fourth quarter, total container volumes rose by 3.3% to 61K TEU from 59K on pcp. While total annual container volumes rose by 2.9% to 276K TEU from 268K TEU in pcp.

Bulk Cargo total volume in Q4

For the Q4, bulk cargo total volume stood at 1.06 million tonnes, reflecting 18.8% up on pcp.

During the fiscal year ended September this year, total bulk cargo volume attained a record 3.95 million tonnes, reflecting 26.6% surge from the 3.12 million tonnes record on pcp.

Update on Cruise services

In 2020, 76 cruise ships were called at Napier Port. However, this year due to border closure no cruise vessels were called.

At the time of writing, on 13 October, Napier Port was trading flat at NZ$3.18.

Bottom Line

Napier Port’s annual trade volume results shows the strength of their region, the consumer determination and the advantages arriving from their varied regional trade base. The Company now looks ahead towards the release of financial results in the upcoming month.