Ports of Auckland Volumes Index Update

Monday 21 February 2004

Ports of Auckland Volumes Index Update

www.poal.co.nz Total container volumes* decreased 3% to 696,711 TEUs for the 12 months to end-January 2005 (as compared to the 12 months to end-January 2004) and were down 3% on January 2004.

Full import container volumes were unchanged and full export container volumes were down 3% for the 12 months to end-January 2005. For the month of January, full imports and full exports dropped 1% and 4% respectively.

Transhipment** volumes fell 14% for the 12 months to end-January 2005 (as compared to the 12 months to end-January 2004) and were down 22% on January 2005.

Containers comprise approximately 70% of Ports of Auckland’s throughput and about 85% of business activity.

The drop in container volumes is due mainly to the loss of a shipping service in February 2004 that at the time represented 8% of Ports of Auckland’s container volume.

Breakbulk (non-containerised) volumes were up 6% to 4.9 million tonnes for the 12 months to end-January 2005. January 2005 volumes increased 14% on January 2004. Strong import vehicle volumes continue, with a record 21,324 imported vehicles in January.

* 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 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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