New Zealand's Napier Port posts 11pc more revenue on 8.5pc more boxes

NEW Zealand's Napier Port has become the second largest export port by volume in the North Island behind Tauranga, said the company, reporting revenue growth of 11 per cent.

Forest products, processed fruit and vegetables, growing apple exports with the planting of new varieties, and increased dairy and meat exports all contributed to record 3,7 million tonnes handled, an increase of 2 per cent over last year, the Hawkes Bay Today reported.

The port handled a record 204,065 TEU, an 8.5 per cent improvement on last year.

The port's annual revenue was $60.3 million, up 11 per cent, with a net profit after tax of just over $11 million. Napier Port, which is owned by Hawke's Bay Regional Council, managed to decrease its debt by 7.6 per cent.

Port CEO Garth Cowie said growth in hard times would come as a surprise to many, including locals.

"We're an unrecognised jewel. Our growth has been based on a superior service model provided by all the port staff, not only the port company but also stevedores, marshalling companies, MPI [Ministry of Primary Industries] and customs, all working together, and we intend to become even stronger and more widely recognised," Mr Cowie said.