Napier Port quarterly freight volumes slide

Wed, 15 Jul 2020

Freight volumes through Napier Port have rebounded from their April trough but remain below year earlier levels. The company, which in May cancelled its interim dividend given the uncertain outlook, said container volumes in the June quarter were equivalent to 74,000 20-foot units, 18 percent less than in the same period last year. Nine-month volumes were 3 percent lower at 210,000. Bulk cargo volumes were 24 percent lower at 628,000 tonnes, with nine-month volumes down 13 percent at 2.23 million tonnes. Log volumes were the driver of tha...

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