Ports of Auckland posts loss but vows to improve

Ports of Auckland has recorded a net loss of $10.3 million for the 2022 financial year, NZ Herald reports – a direct result of the write-off of its disastrous foray into container terminal automation. The port has undergone top level changes over the past year, following serious health and safety issues, with a new chair, a largely new board of directors and new chief executive. “We have reset our strategic direction,” it said in a statement. “Our new strategy, Regaining our Mana, and the key pillars that support it are designed to lift our performance significantly, deliver a reasonable return to our owner, Auckland Council, and rebuild trust with Aucklanders.”