Ports of Auckland Volumes Index Update

Wednesday 24 March 2004

Ports of Auckland Volumes Index Update

Total container volumes* were up 4% to 663,506 TEUs for the 12 months to end-February 2004 (as compared to the 12 months to end-February 2003) and down 3% on February 2003.

Full import and full export container volumes increased 4% and 2% respectively for the 12 months to end-February 2004. For the month of February 2004, full import and full export container volumes were down 6% and 4% respectively on February 2003. This reduction is mainly due to the loss of a trade to a competing port.

Transhipment** volumes were up 17% for the month of February and up 4% for the 12 months to end-February 2004.

Containers comprise approximately 70% of Ports of Auckland’s throughput and about 85% of business activity.

Breakbulk (non-containerised) volumes were up 3% to 4.5 million tonnes for the 12 months to end-February 2004. February volumes were down 21% on February 2003.

* Container volumes are measured in TEUs (20-foot equivalent units – or the size of a standard 20-foot container).

** Transhipment containers are discharged at Auckland and reshipped on another vessel to international or other New Zealand destinations.
To access the Ports of Auckland Volumes Index:

After entering our homepage www.poal.co.nz click on the Ports of Auckland Volumes Index link below the announcement and graph pics at the top of the homepage. Or, after entering our homepage click on the Investor Centre button on the left-hand menu. Scroll down the Investor Centre page.

ENDS

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