Hutchison Port Holdings
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.
 | |||||||||||
| 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 |
| ||||||||||
| 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 | www | ||||||||||
In 2016, the network comprised 48 port operations throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.[1]
History
Summarize
Perspective
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]
In January 2025, the government of Panama commenced an audit of a local HPH subsidiary and a review of a 2021 concession contract for port operations on the Panama Canal that had been criticized for lacking transparency and generating limited benefits for Panama's economy.[9][10] In February 2025, a lawsuit was filed in Panama's Supreme Court of Justice seeking to cancel HPH's port operations contract at the Panama Canal.[11]
In March 2025, it is reported that CK Hutchinson Holding would sell HPH and Hutchinson Port Group Holdings.[12] There are reports stating that the key buyer is the Aponte Italian shipping family, and “the crucial figure” is Diego Aponte, group president of Mediterranean Shipping Company (MSC), and chairman of the Terminal Investment Limited (TiL). TiL and BlackRock are consortium partners in the port deal.[13][14] According to the New York Times, the Li family felt it was "under political pressure to exit the ports business"; discussions with BlackRock about the Panama Canal had begun only a few weeks prior, coinciding with the beginning of the Trump administration.[15] On 28 March 2025, according to unnamed sources cited by Sing Tao Daily and the South China Morning Post, the deal will not be signed at the expected date after China's market regulator said it will carry out an antitrust review on the deal, but the source added that does not mean the deal has been called off, and April 2 is not a definitive deadline.[16] Chinese state media outlet China Central Television (CCTV) said the deal was "tantamount to handing a knife to an opponent."[17]
Associate company
Summarize
Perspective
Hutchison Port Holdings Trust
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.[18]
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.[19][20]
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.[21]
Reuters reported on March 4, 2025 that an investment group backed by BlackRock agreed to spend $22.8 billion to acquire a majority stake in Hong Kong's CK Hutchison Holdings Co., Ltd., which operates ports on both sides of the Panama Canal, giving the United States firm control of major terminals amid pressure from the White House to seize major terminals from China.[22][23] The sale does not include any interest in Hutchison Ports Holdings Trust, which operates ports in Hong Kong and mainland China (mainly Shenzhen and other Guangdong ports).[23]
Port assets
| City | Country | Port (Terminal) | Ownership |
|---|---|---|---|
| Ajman |  United Arab Emirates |
Port of Ajman (Ajman International Terminals) | |
| Alexandria |  Egypt |
Alexandria Port (Alexandria International Container Terminal) | 50% |
| Amsterdam |  Netherlands |
Port of Amsterdam (Amsterdam Container Terminal) | 100%[24] |
| Antwerp |  Belgium |
Port of Antwerp (TMA Antwerp) | 50%[24] |
| Balboa |  Panama |
Port of Balboa | 80%[25] |
| Barcelona |  Spain |
Port of Barcelona (Barcelona Europe South Terminal) | 100%[24] |
| Bà Rịa |  Vietnam |
Saigon International Terminals Vietnam | |
| Basra |  Iraq |
Port of Basra | |
| Brisbane |  Australia |
Port of Brisbane (Berths 11 & 12) | 100% |
| Busan |  South Korea |
Port of Busan (Hutchison Busan Container Terminal) | |
| Busan | South Korea |
Port of Busan (Hutchison Gamman Container Terminal) | |
| Cristobal | Panama |
Port of Cristobal | |
| Duisburg |  Germany |
Port of Duisburg (Duisburger Container Terminal) | 100%[26] |
| Dekhela | Egypt |
EI Dekheila Port | 50% |
| Felixstowe |  United Kingdom |
Port of Felixstowe | 100%[24] |
| Foshan |  China |
Port of Nanhai (Nanhai International Container Terminals) | |
| Freeport |  Bahamas |
Freeport Container Port | 51% |
| Gdynia |  Poland |
Port of Gdynia (Gdynia Container Terminal) | 100% |
| Greater London | United Kingdom |
London Thamesport | 80%[24] |
| Gwangyang | South Korea |
Port of Gwangyang (Hutchison Kwangyang Container Terminal) | |
| Gwangyang | South Korea |
Port of Gwangyang (Port Phase II) | 89% |
| Harwich | United Kingdom |
Harwich International Port | 100%[24] |
| Huizhou | China |
Port of Huizhou (HICT Terminal) | |
| Hong Kong (Kwai Tsing District) | China |
Port of Hong Kong (Kwai Tsing Container Terminals (CT4, CT6, CT7, CT9N)) | 66.5% |
| Hong Kong (Kwai Tsing District) | China |
Port of Hong Kong (Kwai Tsing Container Terminals (CT8)) | 2nd largest (33.3%) after COSCO Shipping Ports |
| Hong Kong (Tuen Mun District) | China |
Port of Hong Kong (River Trade Terminal) | 50% |
| Jakarta |  Indonesia |
Port of Tanjung Priok (Jakarta International Container Terminal) | 51% |
| Jakarta | Indonesia |
Port of Tanjung Priok (Terminal Petikemas Koja | |
| Jazan |  Saudi Arabia |
Port of Jazan | 100%[27] |
| Jiangmen | China |
Jiangmen Port (Jiangmen Terminal) | |
| Karachi |  Pakistan |
Port of Karachi (Karachi International Container Terminal) | |
| Huizhou | China |
Port of Huizhou | |
| Karachi | Pakistan |
Port of Karachi (South Asia Pakistan Terminal) | |
| Laem Chabang |  Thailand |
Laem Chabang Port | |
| Lazaro Cardenas |  Mexico |
Port of Lázaro Cárdenas (Lázaro Cardenas Terminal) | |
| Manzanillo | Mexico |
Port of Manzanillo (Terminal Internacional de Manzanillo) | |
| Moerdijk | Netherlands |
Port of Moerdijk (Moerdijk Container Terminals) | |
| Ningbo | China |
Port of Ningbo-Zhoushan (Ningbo Beilun International Container Terminals) | |
| Port Klang |  Malaysia |
Port Klang (Westport) | 30%[28] |
| Ras Al Khaimah | United Arab Emirates |
Ras Al Khaimah Port (International Container Terminal) | |
| Rotterdam | Netherlands |
Port of Rotterdam (ECT Euromax) | 45%[24] |
| Rotterdam | Netherlands |
Port of Rotterdam (ECT Delta) | 89.37%[24] |
| Rotterdam | Netherlands |
Port of Rotterdam (ECT Delta 2) | 60.78%[24] |
| Shanghai | China |
Port of Shanghai (Shanghai Mingdong Container Terminals) | |
| Shanghai | China |
Port of Shanghai (Shanghai Pudong International Container Terminals) | |
| Shenzhen | China |
Port of Yantian (Yantian International Container Terminals) | |
| Sohar |  Oman |
Sohar Port (Sohar Port Container Terminal) | |
| Stockholm |  Sweden |
Port of Stockholm (Hutchison Ports Stockholm) | 100%[24] |
| Sydney | Australia |
Port Botany (Terminal 3) | 100% |
| Taranto |  Italy |
Port of Taranto (Taranto Container Terminal) | 50%[29] |
| Venlo | Netherlands |
Port of Venlo | |
| Veracruz | Mexico |
Port of Veracruz (ICAVE) | |
| Yangon |  Myanmar |
Thilawa Port (Myanmar International Terminal) | |
| Xiamen | China |
Port of Xiamen (Xiamen International Container Terminals) |
Notes
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.