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Subsidiary of CK Huschison Holding's From Wikipedia, the free encyclopedia
Hutchison Port Holdings Limited (HPH; Chinese: 和記港口集團有限公司), trading as Hutchison Ports (Chinese: 和記港口), is a private holding company incorporated in the British Virgin Islands. The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa). Some operation of the company were listed as Hutchison Port Holdings Trust in Singapore Exchange.
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Hutchison Ports | |||||||||||
Company type | Subsidiary | ||||||||||
Industry | Transport, Logistics | ||||||||||
Founder | John Duflon Hutchison | ||||||||||
Headquarters | |||||||||||
Area served | Worldwide | ||||||||||
Key people | Eric Ip (Group Managing Director) Sin Ling Tsim (CFO) | ||||||||||
Products | Port operations | ||||||||||
Services | Port operations | ||||||||||
Owner |
| ||||||||||
Parent | CK Hutchison Holdings | ||||||||||
Chinese name | |||||||||||
Traditional Chinese | 和記港口集團有限公司 | ||||||||||
Simplified Chinese | 和记港口集团有限公司 | ||||||||||
| |||||||||||
Website | hutchisonports |
In 2016, the network comprised 48 port operations throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.[1]
In 2005, HPH was the largest port operator in the world, with a 33.2 million TEU throughput, and 8.3% world market share.[2]
In April 2006, Hutchison Whampoa sold a 20% share of Hutchison Port Holdings Limited to PSA International for $US4.4 billion, retaining ownership of the remaining 80%.[3][4]
In 2011, some of the assets was spin-off as a listed company as Hutchison Port Holdings Trust ;[5] the listed company was incorporated as a business trust under Singapore's Business Trusts Act.
In September 2016, HPH rebranded its network as Hutchison Ports.[6]
In December 2016, the Chornomorsk commercial seaport in western Ukraine, signed a cooperation agreement with Hutchison Ports. Among the agreed upon points are the company's entry into the port as a terminal operator as of 2017. Hutchison will provide expert consultative services to reform and improve Ukraine's port industry.[7][8]
Hutchison Port Holdings Trust is a listed trust in Singapore Exchange. Hutchison Whampoa only owned 25% stake, but had the rights to influence the trust by controlling the key stake of changing the trustee they nominated before the initial public offering.[9]
In December 2016 The Trust's subsidiaries Yantian International Container Terminals (Phase III) Limited and Shenzhen Pingyan Multimodal Company Limited, jointly purchased 80% shares of Huizhou International Container Terminals (HICT) from Hutchison Port Holdings for US$86.26 million.[10][11]
In January, 2017 HPH Trust signed a strategic agreement to manage the operations at five terminals, including 16 berths in Kwai Tsing in Hong Kong.[12]
City | Country or Region | Name | Share |
---|---|---|---|
Barcelona | Spain | Barcelona Europe South Terminal (BEST) in Port of Barcelona | Wholly owned [13] |
Buenos Aires | Argentina | Port of Buenos Aires (Terminal 5) | Wholly owned subsidiary |
Brisbane | Australia | Port of Brisbane (Berths 11 & 12) | |
Sydney | Port Botany (Terminal 3) | ||
Freeport | Bahamas | Freeport Container Port Limited | Joint Venture (51%) |
Willebroek | Belgium | Trimodal Container Terminal Belgium | Subsidiary[lower-alpha 1] |
Alexandria | Egypt | Alexandria International Container Terminals Company Ltd. | Joint Venture (50%) |
EI Dekheila | |||
Duisburg | Germany | Duisburger Container Terminal GmbH | Subsidiary[lower-alpha 1] |
Hong Kong | Hong Kong | Asia Port Services | Wholly owned subsidiary |
Hong Kong (Kwai Tsing District) | Kwai Tsing Container Terminals (CT4, CT6, CT7, CT9N) | Subsidiary (66.5%) | |
Hong Kong (Kwai Tsing District) | Kwai Tsing Container Terminals (CT8) | 2nd largest shares holder (33.3%) after COSCO Pacific | |
Hong Kong (Tuen Mun District) | River Trade Terminal | Joint venture (50%) with Sun Hung Kai Properties | |
Jakarta | Indonesia | Jakarta International Container Terminal | Joint Venture (51%) |
Jakarta | Terminal Petikemas Koja | Subsidiary | |
Karachi | Pakistan | Karachi International Container Terminal | |
Karachi | South Asia Pakistan Terminal | ||
Taranto | Italy | Taranto Container Terminal S.p.A. | Joint venture (50%)[14] |
Busan | South Korea | Hutchison Busan Container Terminal | Subsidiary |
Busan | Hutchison Gamman Container Terminal | ||
Gwangyang | Hutchison Kwangyang Container Terminal | ||
Gwangyang | Korea International Terminals (Port Phase II) | Subsidiary (89%) | |
Veracruz | Mexico | Internacional de Contenedores Asociados de Veracruz (ICAVE) | Subsidiary |
Lazaro Cardenas | Lázaro Cardenas Terminal Portuaria de Contenedores (LCTPC) | ||
Port Klang | Malaysia | Westports Malaysia Sdn Bhd | 2nd largest shares holder (30%) as of 2000[15] |
Dar es Salaam | Tanzania | Tanzania International Container Terminal Services | Subsidiary (70%)[16] |
Isle of Grain | United Kingdom | London Thamesport | Wholly owned subsidiary |
Harwich | Harwich International Port | ||
Felixstowe | Port of Felixstowe | ||
Rotterdam | Netherlands | HUTCHISON PORTS ECT ROTTERDAM | |
Yangon | Myanmar | Myanmar International Terminals Thilawa |
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