Auckland volumes strong in FY Q1

Overall volumes were up nearly 8% on the same period last year with full import containers up more than 10%, full export containers up 4% and transhipment volumes up by more than 15%, reflecting the growing use of Auckland as a North Island hub port.

According to the company, the increase in import volumes is a reflection of the buying appetite of New Zealanders, and could be seen as encouraging as the country works its way out of the 2008/09 recession.

In a surprise announcement Jens Madsen, managing director of POAL has given notice of his decision to resign from POAL but will continue with the Company until the end of February 2011.