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Hutchison Port Holdings News

06 Oct 2020

Port Everglades Appoints Charlton as Operations Director

Ricardo Charlton (Photo: Port Everglades)

Broward County’s Port Everglades has appointed Ricardo D. Charlton, BSME, FSO, as its new Director of Operations.Port Everglades is a self-supporting enterprise fund of Broward County, Fla., generating more than $170 million in revenues in fiscal year 2019 (October 1, 2018 – September 1, 2019) and is ranked among the nation’s leading container ports and a world leader in the cruise industry.As Director of Operations, Charlton will oversee a workforce of 95 encompassing the Division’s Harbormaster Office…

05 Apr 2019

World’s Largest STS Transfer Hub Comes in Malaysia

KA Petra, a Malaysian ship-to-ship (STS) transfer specialist, has signed a Heads of Agreement (HOA) with Hutchison Port Holdings to jointly develop the world’s largest STS transfer hub in the country.Under the terms of the HOA, KA Petra will have 70% interest in the project, whilst Hutchison Ports will take a strategic 30% stake.Based on preliminary studies, construction of the STS Hub is estimated to cost USD150 million to USD180 million, and will be funded by a combination of internally generated funds and debt financing. Construction will be done in phases with commencement within the next 12 months.Dato’ Shahrul Amirul, Executive Chairman of KA Petra Sdn Bhd said…

05 Feb 2018

HPH Trust Cautiously Optimistic on 2018

Hong Kong's Hutchison Port Holdings Trust (HPH Trust) saw its fourth-quarter earnings fall 38.4 per cent on weaker revenue and losses from associated companies. The company announced an attributable net profit of HK$237.8 million for the three months to Dec 31 last year - down from HK$385.8 million in the same period a year earlier. The Trustee-Manager remains cautiously optimistic about the expected cargo volume for 2018. Major liners have announced plans to continue to invest and build more megavessels of up to 22,000 TEU and this potential excess capacity will likely put pressure on freight rates, and as a result, keep port tariffs in check.

25 Apr 2017

Hutchison Port Q1 Profit Slumps 70%

Hutchison Port Holdings Trust (HPHT) suffered a 69.9 percent plunge in first-quarter net profit to to HK$166.9 million ($24.4 million USD) from the corresponding period a year earlier. The Hong Kong-based port operator said it was largely due to the absence of a government rent and rates refund previously received. Excluding a one-off rent and rates refund, however, net profit would be 15.7 percent lower than that of last year, said the manager of the container port business trust in a statement. Singapore-listed HPHT said that revenue for the quarter fell 6.3 percent to HK$2.58 billion ($331.6 million USD), as throughput at some of its key terminals was hit by a decrease in transshipment cargoes.

30 Dec 2016

HPH Trust Acquires Major Stake in Huizhou Terminal

Hong Kong Container port business trust Hutchison Port Holdings Trust (HPH Trust) has reached an agreement to purchase a majority stake in Huizhou International Container Terminals Limited (HICT) in Guangdong from the trust’s sponsor for about $86.26m. HPH Trust will acquire 65% and 15% of HITC equity interest, respectively through its subsidiaries, Yantian International Container Terminals (Phase III) Limited (YICT III) and Shenzhen Pingyan Multimodal Company Limited (PML). The company said that, upon completion of the acquisition, HICT will be jointly held by YICT III, Huizhou Port Group (HPG) and PML in the proportions of 65%, 20% and 15%.

12 Sep 2016

Hanjin Ship Unloads, New Funds Pledged

A Hanjin Shipping Co Ltd vessel is finishing unloading in California and scheduled to leave port on Monday, shipping industry officials said, as shareholders and executives associated with the South Korean firm pledged funds to help resolve the turmoil created by its collapse. The Hanjin Greece docked in Long Beach on Saturday after a U.S. bankruptcy court granted it protection and terminal operators agreed to take it. Truck drivers probably will begin moving containers from the Greece on Monday while the vessel prepares to leave late in the day for the Port of Oakland, said Teamsters spokeswoman Barbara Maynard and shipping traffic controllers.

30 Jul 2016

Moody's: Challenges Ahead for Asian Port Operators

Moody's Investors Service says lackluster global growth, weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity is testing the resilience of Asian port operators. "While the rated port operators in Asia have scope for cost cuts and are generally supported by their dominant market position, their resilience is being tested by these challenging operating conditions," says Ray Tay, a Moody's Vice President and Senior Analyst. Moody's conclusions are contained in its just-released report, entitled "Rated Port Operators -- Asia: Challenges on the Rise". The port operators in the region are grappling with slowing or negative growth in cargo volumes due to China's (Aa3 negative) slowdown…

28 Jun 2016

Construction of new Stockholm Norvik Port Begins

For Hutchison Port Holdings (HPH), one of the world’s leading container terminal operators, Stockholm is strategically important. In April the final permit was obtained to begin construction of the new Stockholm Norvik Port. Ports of Stockholm will build and own the container terminal, while HPH will operate the terminal. Today HPH already operates the Container Terminal at Frihamnen, Stockholm. “We believe in the importance of Stockholm and the whole Baltic Sea area. After our already good cooperation at the existing container terminal, we are now intensifying our work with Ports of Stockholm. The Stockholm Norvik Port offers improved conditions to optimally serve the Stockholm region.

23 May 2016

BEST Sets Container Handling Record

Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST) achieved a new record when it moved 7,760 TEU on the call of MSC Beatrice. A total of eight ship-to-shore gantry cranes were deployed simultaneously for the operation, achieving a peak Vessel Operating Rate of 221.3 moves per hour. Guillermo Belcastro, General Manager of BEST, said: “BEST is the only terminal in the Mediterranean capable of reaching this level of productivity thanks to its semi-automated operations, which are supported by HPH’s proprietary terminal operating system nGen and the efforts of our team. This high level of productivity…

12 May 2016

Cosco Pacific to Buy a 35% Stake in Euromax Terminal Rotterdam

China’s Cosco Pacific Ltd. will buy 35 percent of Euromax Terminal Rotterdam BV for 125.4 million euros ($143 million) for shares and loans amid an overseas expansion drive by Chinese companies. Euromax is indirectly owned by Hutchison Port Holdings Ltd. (HPH), which in turn is owned by Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings Ltd. Cosco Pacific will pay 41.4 million euros and assume 84 million euros of debt equivalent to 35 percent of a loan, Cosco Pacificsaid in a statement. Euromax is principally engaged in the business of operating the Euromax Terminal Rotterdam, which is located in Maasvlakte I of the Port of Rotterdam in the Netherlands. It is an automatic container terminal which commenced operations in mid-2010.

29 Feb 2016

Oman Port Targets Bigger Iran Shipping Ties

Oman aims to expand shipping and trade links with Iran and get ahead of rivals after the lifting of international sanctions on Tehran, leading port officials involved say. Measures were lifted last month as part of a nuclear deal with world powers, ending years of isolation which saw the international shipping sector cut ties and disrupt supplies to import-dependent Iran. The United Arab Emirates previously enjoyed greater shipping activity with Iran but Oman's nearby Sohar port is looking at expanding ties. Oman could also benefit from a spat between rivals Saudi Arabia and Iran which saw Riyadh cut ties last month and others like the UAE to downgrade relations. Annual UAE-Iran container trade pre-sanctions was estimated at 1.5 million TEUs (20-foot equivalent units).

29 Feb 2016

Terex STS Cranes for Tanzanian HPH Terminal

Terex Port Solutions (TPS) has received an order to supply two Terex ship-to-shore cranes (STS) to Tanzania International Container Terminal Services (TICTS), a member of Hutchison Port Holdings Limited (HPH), a leading port investor, developer and operator. The double-box boom structure STS will be manufactured at TPS’ site in Xiamen, PR China, and the machines are due to be commissioned by the end of 2016. New STS will help TICTS to increase handling rates further TICTS, situated in the capital Dar es Salaam, is Tanzania’s largest container terminal. As TICTS is the major logistics gateway to Eastern, Central and Southern Africa, it must meet the challenge of constantly increasing handling rates.

06 Nov 2015

Global Terminal Operators Go Green

Thousands of port employees around the world have enthusiastically contributed their time and effort to a joint environmental initiative launched by marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals, PSA International and Shanghai International Port Group (SIPG) – five of the world’s largest port operators, and joined by the Port of Rotterdam Authority (PRA). The week-long campaign from 14 to 21 September entailed joint activities to pioneer a green drive across operations worldwide, while bringing sustainable change to the communities they impact. In unifying their global resources to realise environmental benefits, the port operators developed various initiatives around three main themes: reuse and recycle, climate change and the community.

19 Oct 2015

Hong Kong Terminals Mark 200 Million TEU

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.

19 Sep 2015

Felixstowe Port Goes Green

The Port of Felixstowe is creating an environmental corridor as part of the Go Green campaign launched by Hutchison Port Holdings (HPH) and a number of other global port operators. The initiative at Felixstowe will include the refurbishment of part of a system of dykes within the port. The work will include the improvement of habitats for wildlife as well as enhancing green areas within a busy industrial complex by planting a mixture of trees, grasses and wild flowers. “The Port of Felixstowe has a long history of environmental achievements dating back to the creation of the Trimley Marsh Nature Reserve in the 1980s. Our participation in the Go Green initiative is the latest example of a commitment to the environment which…

08 Sep 2015

Maersk's APM Snaps up 11 More Terminals

Port operator APM Terminals, part of Denmark's A.P. Moller-Maersk, is buying 11 container ports from Spanish shipping and logistics group Perez y Cia to boost its presence in emerging markets and better serve bigger container vessels. No terms were given for the deal, which will increase APM Terminals' container ports to 74 from 63 including terminals in Colombia, Brazil and Mexico, but Nordea Markets estimated an enterprise value of around 1.35 billion euros ($1.5 billion), based on similar deals and other companies in the sector. APM Terminals Chief Executive Kim Fejfer said on Tuesday the deal would make the company better prepared to handle new alliances among container shipping companies and their new bigger vessels. The deal comes a day before A.P.

07 Sep 2015

'Go Freen' Joint Initiative by 5 Top Port Operators

Global marine terminal operators DP World, Hutchison Port Holdings Limited (HPH), APM Terminals, PSA International and Shanghai International Port Group (SIPG) – five of the world’s largest port operators, and joined by the Port of Rotterdam Authority (PRA), have launched the first ever joint industry initiative of this magnitude to promote environmental awareness and make a sustainable difference in the communities in which they operate. The campaign will take place between 14 - 21 September this year with focus on three main themes: re-use and recycling, climate change and the communities in which the industry giants operate. A range of activities covering all three themes will be organised by the participating port operators’ local business units to tackle and raise awareness globally.

06 Feb 2015

Hutchison Port Holdings Trust Sees Q4 Red

Hutchison Port Holdings Trust said on Friday it swung into loss in the last quarter of 2014 due to a HK$19 billion ($2.45 billion) impairment of goodwill, the first quarterly loss the trust has suffered since listing in 2011. The trust booked a net loss of HK$18,610.0 million for the quarter, and a full-year loss of HK$17,192 million, a statement said. The trust said an uncertain global economy, tough trading environment faced by its Hong Kong operation and labour cost pressures led to the impairment loss. Hutchison Port owns interests in container port assets in Hong Kong and Shenzhen and is backed by Hong Kong billionaire Li Ka-shing's Cheung Kong (Holdings) Ltd. Reporting by Rujun Shen

13 May 2014

New Container Terminal May Transform Indonesia Trade: Analysis

During the past five years, trade between Indonesia and the rest of Asia has mushroomed, particularly when compared to trade with North America and Europe (see the graph shown here). How much of this is due to proximity, or Indonesian goods being re-labelled by another Asian country, is beyond the scope of this analysis, but the lack of deep-sea services to the main consumer markets of Europe and North America must play a part, considers the analysis. Although Indonesia is the world’s fourth most populous nation and South East Asia’s largest economy, ocean carriers currently offer no direct mainline services to either Europe or the US due to port capacity shortages.

18 Sep 2014

DP World & Hutchison Port Holdings to Combat Global Warming

In an unprecedented show of commitment for an environmental cause, DP World and Hutchison Port Holdings Limited (HPH) have joined hands to combat global warming in a Waste Reduction Campaign that will multiply the effect of their individual efforts to curb global greenhouse emissions. An estimated 11.2 billion tonnes* of solid waste is collected worldwide every year and its degeneration contributes to about five per cent of global greenhouse gas (GHG) emissions. A joint DP World-HPH campaign, which will run from 19 to 21 September, has been established and follows the theme ‘Recycling Begins & Ends with You’. The campaign will see employees…

20 Nov 2014

BEST Readies for Mega Ships

Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST), located at the Port of Barcelona, today held a ceremony for the arrival of three new Quay Cranes (QCs), part of the next phase of expansion to enhance the terminal’s ability to handle mega-vessels. BEST currently has 11 QCs in operation, all of them capable of handling mega-vessels. In attendance was HPH Managing Director – Central Europe, Clemence Cheng as well as local and national authorities including the Minister of Industry and Development, Ana Pastor; the Delegate of the Government in Catalunya, Maria de los Llanos Luna; the Counselor of Territory and Sustainability…

16 Dec 2014

Westerhoud Steps Down as President of ECT

Jan Westerhoud (Photo: ECT)

Jan Westerhoud, President of Europe Container Terminals (ECT), will step down and retire from the company effective January 1, 2015, the company announced today in a press release.   This decision was made in consultation with main shareholder Hutchison Port Holdings Limited (HPH), ECT noted. A successor will be named in due course.   Westerhoud has guided ECT through 10 years in which the industry has undergone tremendous changes. ECT has experienced a considerable growth in this period and has successfully developed new activities.

06 Feb 2015

Hutchison Chinese Ports Assets for Sale

The South China Morning Post has reported Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd is mulling the possible sale of a 40 percent stake of Hutchison Port Holdings (HPH) to a quartet of state-owned mainland China companies. If it goes through, the move would underscore Hutchison’s recent tactic of monetizing port assets to free up capital to support other high-growing businesses. HPH is talking to a consortium of mainland Chinese companies as it is planning to a HK$160 billion ($20.6 billion) stake in its ports business. Hutchison holds an 80 percent stake in HPH, the world's largest container port operator by throughput with a foothold in 52 ports in 26 countries.