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RECORDS IN LYTTELTON PORT OF CHRISTCHURCH (LPC) VOLUME GROWTH AND CONTAINER OPERATION EFFICIENCY

LPC’s support for the Kaikoura earthquake recovery contributed to the very strong volume growth at the Port in the second half of last year.

“December 2016 was a record month for container volumes and 35% up on December 2015. This was partially due to the increased demand for coastal shipping, with freight coming directly from Auckland to Lyttelton, following the Kaikoura earthquake,” said LPC Chief Executive Peter Davie.

”Overall, our container volumes for the half year (1 July to 31 December 2016) were 15% ahead of the same period in 2015.

“Our operations are providing strong support for the regional economy and the recovery. The half year result reflects a step change in customer service boosted by the completion of some of our major developments last year. These include the new Cashin Quay 2 container wharf which has increased our container trade capacity and ability to service predicted freight increases.  Last June we opened our new Inland Port at Rolleston, MidlandPort, which is a milestone in improving container transport efficiency for the South Island and future proofs the Port’s service for Canterbury’s long term trade growth. We have a daily train weekdays servicing clients in the Rolleston area and a second train will be added to the service, running Saturdays, starting 18 March.

FINANCIALS

“It has been a successful half year with EBITDA $3.5 million above the same period in the previous year (six months to 31 December 2015).

For six months ended 31 December 2016:                                                                   

Million$                                                            

Revenue                                               57.803                                                             

EBITDA                                                15.330                                                             

Depreciation                                         5.603                                                               

Interest Income                                    2.866                                                               

 

NPAT                                                   8.857                                                               

 

Volumes

“The Port is experiencing significant volume growth. Highlights are the increase in containers and bulk cargo, and growing coal volume following improved coal prices. Log volume is also up because of high returns in the Chinese market. Grain and PKE bulk volumes reflect the decreased dairy sector output.

 

For the six months ended 31 December 2016:

Containers (TEU: 20 foot equivalent container)             204,119

Coal (Tonnes)                                                               609,019

Logs (Tonnes)                                                              265,187

Bulk Fuel (Tonnes)                                                       549,040

Dry Bulk (Tonnes)                                                        310,938

Other (Tonnes)                                                             120,091

Total Vessel Visits                                                             467

 

OPERATIONS

“We had a record level of performance in our container handling efficiency. This is reflected in the latest Ministry of Transport’s Freight Information Gathering System (FIGS) report, which gives an overview of freight movements around New Zealand.  The statistics show LPC’s rate for loading and unloading container vessels is the third highest in Australasia.

“Health and Safety remains a top priority across our business and is a focus in everything we do.

CUSTOMER SERVICE

“We remain focused on providing the best customer service we can. Early this year, though, was a challenging time in our container terminal operations when industrial action occurred while LPC was in negotiations with the Maritime Union of New Zealand (MUNZ), over the renewal of their members’ Collective Employment Agreement.  We appreciate our customers’ patience during that period. An agreement has now been reached with MUNZ which supports LPC providing a thriving Port, meeting customer needs for the future and Canterbury’s long term trade growth.

“MidlandPort at Rolleston provides the first rail link with Lyttelton Port for container freight and will soon offer a second rail service.  With the arrival of a new major customer, Talley’s Group, in December 2016, MidlandPort is now moving refrigerated containers (reefers). Another first in December was the shipment of Juicy rental cars. Our Rolleston location is pivotal to meeting the forecast increase in Canterbury’s exports and imports, servicing the increasing productivity from the Canterbury plains, improving travel time for freight transport and reducing road congestion.

STRATEGIC DEVELOPMENT

“Delivery of the Lyttelton Port Recovery Plan (LPRP) is well underway, ensuring Lyttelton thrives as the South Island’s major international trade gateway and brings benefits to the region.

“We were delighted with the response to the Registration of Interest in November for berths in our planned Te Ana Marina. It will provide 170 berths. That is close to the number of registrations we received. Construction starts soon and the new berths will be available by the end of the year.

“About 50 submissions were received after Environment Canterbury publicly notified our resource consent application, in September, to extend the existing shipping channel in Lyttelton Harbour.

 

“We are preparing for a 50% increase in exports and imports in the next nine years that will make Canterbury stronger, provide more jobs and make Christchurch an even better place to live.”

LPC corporate office

41 Chapmans Road, Hillsborough, Christchurch 8022

Postal address
Private Bag 501, Lyttelton 8841, New Zealand

Phone: (+64 3) 328 8198
Email: allreceptionists@lpc.co.nz

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