P&O Nedlloyd, NYK add New Zealand call

P&O Nedlloyd, NYK add New Zealand call

P&O Nedlloyd and NYK Line have added calls at New Zealand's Lyttelton port.

P&O chose the port as one of two South Island calls for its trans-Tasman service and NYK added it on its express service to Southeast Asia, the port said.

The port lost two contracts during an job action 2002, one with Maersk Sealand and one with P&O Nedlloyd's "supership" service.

Lyttelton on Wednesday said December's half-year net profit was $5.5 million, up 25 per cent on the same period a year ago.

Revenue fell from $30.4 million to $29.2 million.

Earnings before interest, taxation, depreciation and amortization and non-recurring items were $11.3 million.

Container volumes rose 12 per cent but total volume through the port was flat because of lower volumes of logs shipped and coastal traffic.

Total full year volumes through the port are expected to increase 2 percent on last year, according to published reports.

The company expects full year revenue to be down $1 million on last year, to $59.9 million but net profit for the 12 months is expected to be unchanged at $11.6 million.