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Speaker 1: Good news for our economy from one of our ports,

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Speaker 1: Port of Auckland. Underlying profits are up twenty two percent.

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Speaker 1: The chief executive, Roger Gray, is with us on this morning.

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Speaker 2: To you morning, Mike.

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Speaker 1: You're happy.

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Speaker 2: Yeah, we're really proud of the results. Everybody's worked hard

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Speaker 2: over the last year to deliver a great result in

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Speaker 2: the city.

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Speaker 1: Anyone from the council come and kiss you for the dividend.

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Speaker 2: We've got a note from the CEO, Phil Wilson, he

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Speaker 2: was pretty happy about it.

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Speaker 1: Volumes are downlow. How much do we worry about that

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Speaker 1: because that's of the macro picture in the New Zealand story.

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Speaker 2: Yeah, it's a tale of two pieces. We've we've actually

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Speaker 2: got growth in container volumes we're up three percent and

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Speaker 2: our full containers are up almost eight percent. But what

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Speaker 2: we've seen is strong declines in construction material cement, steel

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Speaker 2: and also cars where I'm seeing significant decline in cars

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Speaker 2: almost ten percent. And as you've been talking about a

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Speaker 2: significant decline in E vehicles, there's no electric vehicles coming

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Speaker 2: in now.

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Speaker 1: I'm not surprised because no one's buying them. Obviously. Do

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Speaker 1: you forecast turn around in any of this at all?

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Speaker 1: I mean Are you bullish in any way, shape or

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Speaker 1: form for the New Zealand economy for the rest of

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Speaker 1: the year.

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Speaker 2: I think it'll be more like twenty five that will

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Speaker 2: start to see growth in construction material when they start

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Speaker 2: to do the pressing property development in the city. We'll

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Speaker 2: see a lot of steel and cement increase. But certainly

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Speaker 2: for the next six months, I'm not seeing a significant change.

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Speaker 1: I saw an interesting comment from NAPI Port yesterday other

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Speaker 1: day before can't remember. They deal with windstone a lot.

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Speaker 1: Are you seeing anything related to this power problem.

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Speaker 2: No, because we're largely in input port, we're not seeing

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Speaker 2: that as such.

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Speaker 1: Okay, cruise ship look all right.

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Speaker 2: We had a record year last year. We had one

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Speaker 2: hundred and thirty three ships and almost three hundred and

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Speaker 2: thirty five thousand passengers, but it is down. This year's

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Speaker 2: bookings are down to one hundred and ten and more

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Speaker 2: like three hundred thousand, so we are seeing we're coming

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Speaker 2: off the cruise peak.

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Speaker 1: Okay. As far as the and there's a lot of

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Speaker 1: time spent on this with your company reduction and injury

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Speaker 1: fifty six percent reduction and time loss to injury. Are

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Speaker 1: you now at what you would call roughly peak performance.

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Speaker 1: Have you got it together?

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Speaker 2: I think we're getting it together. I wouldn't. We're never

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Speaker 2: going to stop focusing on safety. It's a challenging industry,

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Speaker 2: but we're very proud of overharving the number of people.

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Speaker 2: But we're still injuring too many people, Mike, can we

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Speaker 2: won't let up on that.

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Speaker 1: Also, some commentary on climate. What role does climate play

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Speaker 1: in your business in reality versus what you'd like it

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Speaker 1: to do in a bit of greenwashing high for louton

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Speaker 1: headline grabbing.

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Speaker 2: Talk, not a lot. I mean, we are committed to

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Speaker 2: being a good citizen. We are putting in solar that's

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Speaker 2: as much to balance out the power charges that are coming.

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Speaker 2: But certainly we're not seeing significant impacts from climate change

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Speaker 2: on us right now, except maybe the shipping lines are

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Speaker 2: certainly focused on it, but certainly from our perspective, not

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Speaker 2: a big impact.

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Speaker 1: Your revenue increased, Does that continue, do you think? Or not?

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Speaker 2: Well, Mike, We've spoken before about our projection on pricing,

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Speaker 2: and we're going to continue to lift our prices to

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Speaker 2: align with Australia and we expect off the back of

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Speaker 2: that and improve volume to continue our profit good.

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Speaker 1: So congratulations on the result. Roger Grid, it's always good

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Speaker 1: to get a good bit of positive economic Newsport of

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Speaker 1: Aukland CEO. For more from the mic Asking Breakfast, listen

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