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Hong Kong Terminals Mark 200 Million TEU

Maritime Activity Reports, Inc.

October 19, 2015

 Hutchison Port Holdings' (HPH) Hong Kong assets marked a significant milestone with cumulative throughput of 200 million teu.

 
Congratulating HPH Trust on this important chapter in the history of Hong Kong’s container port industry, Secretary for Transport and Housing Anthony Cheung Bing-leung said: “Despite the impressive performance of the Hong Kong Port, maintaining the port’s competitiveness is no easy business."
 
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.   
 
"Enhancing the capacity and capability of the container port is a subject high on our agenda," he said.
 
The Transport and Housing Bureau has just completed a consultation in mid-August on the proposals for enhancing the use of port back-up land in Kwai Tsing which aims at, among others, optimising the use of the 100 hectares of land in the port area to improve the capacity and efficiency of the container terminals and the Hong Kong Port as a whole.  
 
Moreover, the dredging of the Kwai Tsing Container Basin and its approach channel which commenced in 2013 is due to be completed early next year.  
 
The Hong Kong Port is only part of Hong Kong's maritime infrastructure.  The Government is spearheading wider efforts to strengthen and consolidate Hong Kong's cluster of maritime services, ranging from ship owning, ship agency and management, ship broking, ship finance, marine insurance, maritime legal and arbitration services, so as to enhance Hong Kong's position as an international maritime centre and a regional hub for Mainland and international business.
 

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