13 Dec 2008

Port increases profit

7:39 am on 13 December 2008

The Port of Napier increased its profit from last year by almost 18%, to almost $10 million.

Chairman Jim Scotland told the annual meeting that development of a $47 million multi-purpose berth is ahead of schedule and should be finished by next December.

He said that will allow the port company to load or unload two container ships at once and handle an increased number of cruise ships.

Forty four cruise ships are booked to visit Napier this summer compared with 27 last year.