New Zealand’s Napier port sales up 13pc as profit rises 5pc

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NEW Zealand’s Napier Port said its revenue for the third quarter rose 13.2 per cent to NZ$34.4 million (US$21.3 million), driven mostly by its container business, and that it was on track to achieve its earnings guidance for the full year.

Bulk cargo revenue increased NZ$0.8 million, or 7.5 per cent for the quarter to NZ$11.4 million, while bulk volumes fell two per cent.

Container services revenue rose 16.6 per cent to NZ$22.3 million, as container volumes increased 1.5 per cent to 82,000 TEU.