POAL Volumes Index update

Media Release
Tuesday 21 December 2004
Ports of Auckland Volumes Index Update
http://www.poal.co.nz

Full import container volumes were up 2% and full export container volumes were unchanged for the 12 months to end-November 2004. For the month of November 2004, full import and export container volumes were each up 3% on November 2003. Total container volumes* for the 12 months to end-November 2004 were down 1% to 651,675 TEUs (as compared to the 12 months to end-November 2003) with volumes for the month down 6% on November 2003.

Transhipment** volumes were down 8% for the 12 months to end-November 2004 and down 27% for the month of November 2004. A shortage of ships on some Pacific Island routes had reduced tranships over Auckland during the month. Containers comprise approximately 70% of Ports of Auckland's throughput and about 85% of business activity.

Breakbulk (non-containerised) volumes were up 2% to 4.8 million tonnes for the 12 months to end-November 2004. November volumes were down 7% on November 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 http://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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