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Record cruise ship season won’t repeat this summer – Napier Port

NZX-listed port company says smaller cruise vessels will bring fewer passengers and mean less revenue.

Napier Port with a cruise ship docked.

Will Mace Wed, 22 May 2024
Key points
  • Revenue: Up 10.1% to $70.6m, with cruise ships contributing $8.9m.
  • Profit: Up 64.8% to $14.3m.
  • Main takeaway: Local post-cyclone recovery is under way, but global shipping schedules remain interrupted.

 

Napier Port expects its cruise ship-related revenue to drop when the next summer season comes around, starting in October, given operators may be docking smaller vessels, on average.

The NZX-listed port company reported in its half-year results to the end of March this morning that it had just

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Will Mace Wed, 22 May 2024
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: Up 10.1% to $70.6m, with cruise ships contributing $8.9m.
  • Profit: Up 64.8% to $14.3m.
  • Main takeaway: Local post-cyclone recovery is under way, but global shipping schedules remain interrupted.

 

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Record cruise ship season won’t repeat this summer – Napier Port
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