Import container volumes lead Ports growth

Import container volumes lead Ports of Auckland growth

Ports of Auckland overall container volumes were up close to 3% for the year ended 30 June, with full import containers up 4% according to figures released by the Port today*.

Managing Director Jens Madsen said the growth in full import container volumes was a positive sign suggesting some growth in the economy but also linked to the success Ports of Auckland had in attracting and consolidating new import container business through the year.

In the financial year to 30 June, Ports of Auckland handled 867,368TEU (twenty-foot equivalent units) compared with 843,590TEU in 2008/09 and 840,993 in 2007/08. Ports of Auckland is New Zealand’s largest container port and largest import port, handling around 40% of New Zealand’s total imports by value.

“Ports of Auckland offered some significant advantages for customers, including its proximity to New Zealand’s largest markets,” Mr Madsen said.

“The investment the port has made in leading equipment and technology and a prudent dredging programme that has the port ready for the next generation of larger container vessel, has Ports of Auckland well positioned for the future.”

But Mr Madsen cautioned that the overall container volumes didn’t reflect the day-to-day and week to week challenge of volatility.

“The impact of the global financial crisis on world trade has led to shipping sector changes including consolidation, vessel-share arrangements, slow steaming and the move to hubbing – with larger vessels making fewer visits. These are all trends we are working to adapt to.”

Mr Madsen said that Ports of Auckland had been making progress in its handling of higher than expected volumes, embarking on a programme to hire more part-time and full-time stevedores.

“A strong on-going focus on both productivity and on meeting our customers’ needs will be required to build on this growth,” Mr Madsen said.

Ports of Auckland will release its full year financial results on 18 August.

* Container volumes measured in twenty-foot equivalent units (TEU)

ENDS

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