Arbitration Services News

Hutchison Port Holdings' (HPH) Hong Kong assets marked a significant milestone with cumulative throughput of 200 million teu. Excerpts from his speech: "For decades, Hong Kong has been a major hub port in the region. For the past 10 years (2005-2014), the average annual throughput at the Hong Kong Port was some 23 million TEUs. This is indeed a highly impressive performance having regard to the physical size of the Kwai Tsing Container Terminals. The efforts made by different parties operating the Hong Kong Port must be recognised. Hutchison International Terminals is a major operator of Hong Kong's container terminals. Today, HPH Trust is celebrating its milestone achievement of handling the 200 millionth TEU.

In his annual policy address to the Hong Kong SAR Legislative Council, Chief Executive C Y Leung pledged that the Government would continue to improve port facilities and enhance the efficiency of port operations, thereby seizing the opportunities brought by the growth of trade in the Mainland and Asia. "The logistics industry has flourished in recent years. Ten hectares of land have been set aside in Tuen Mun West for logistics use. Land will also be earmarked in new development areas for the construction of modern logistics facilities.