NZX Release: Update on Impact of Cyclone Gabrielle
February 20th, 2023
Napier Port (NZX.NPH), the freight gateway for the central and lower North Island, reopened for partial operations last Thursday, following only minor damage to port operating assets.
Chief Executive Mr Dawson said Napier Port extends its care and support to everyone affected. He said Napier Port was relieved that all of its people were safe, however some had been significantly impacted, and its culture of looking after each other had kicked in and this extended to the wider community.
Mains power to critical port infrastructure has been reinstated today allowing us to work towards full cargo operations, including acceptance of refrigerated (‘reefer’) containerised cargo.
As noted earlier, damage to regional and national land transport infrastructure is limiting access to the port, however there has been increased road access opening up locally including to the south via SH2 and SH51. Our shipping and marine operations have recommenced under restricted conditions until further shipping channel surveying has been completed.
Napier Port Chief Executive Todd Dawson says: “We note the considerable damage to regional primary industries including horticulture, agriculture and forestry. Pan Pac, a significant cargo supplier of pulp, timber and logs for export, has sustained significant damage to its plant in Whirinaki and will not have pulp or timber production for an extended period. We are working closely with cargo owners to overcome local logistical bottlenecks and ensure they retain access to regional and global markets. WPI, another significant supplier of wood products, had cargo arrive on port today from the central North Island.
“At present we are unable to quantify the impact on regional business and the trade across Napier Port’s wharves. However, it is clear that the storm will impact trade volumes particularly in the fresh produce sectors. We will update the market as we gain greater visibility on the outlook for regional seaborne trade.”
Napier Port holds business interruption insurance that is expected to provide a level of mitigation against the adverse trade effects of Cyclone Gabrielle. Napier Port is consulting with its insurance broker regarding how its insurance policies will respond to these adverse effects.
Media
Jo-Ann Young
Corporate Affairs Manager
DDI: +64 6 833 4521
E: jo-anny@napierport.co.nz
Richard Inder
The Project
DDI: + 64 21 645 643
E: richard@theproject.co.nz
About Napier Port
Napier Port is New Zealand’s fourth largest port by container volume. We are the gateway for Hawke’s Bay and lower North Island’s exports and operate a long-term regional infrastructure asset that supports the regional economy. Our strategic purpose is to collaborate with the people and organisations that have a stake in helping our region grow.
At the United Nations summit meeting in September 2015, world leaders adopted 17 global goals (and 169 targets) as a set of universal goals that aim to address the urgent environmental, political and economic challenges facing our world. These are known as the United Nations Sustainable Development Goals (SDGs).
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