Hutchison Port Holdings

Hutchison Port Holdings Limited (HPH), trading as Hutchison Ports, 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 Port Holdings Limited
Hutchison Ports
Subsidiary
IndustryTransport, Logistics
Headquarters
Hong Kong
Area served
Worldwide
Key people
Eric Ip (Group Managing Director)

Sin Ling Tsim (CFO)

Mark Jack (CEO of AU operations)
ProductsPort operations
ServicesPort operations
Owner
CK Hutchison Holdings(80%)
PSA International(20%)
ParentCK Hutchison Holdings
Websitehutchisonports.com

In 2016, the network comprised 48 port operations throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.[1]

History

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, retaining ownership of the remaining 80%.[3]

In 2011, some of the assets was spin-off as a listed company as Hutchison Port Holdings Trust;[4] 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.[5]

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.[6][7]

Associate company

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.[8]

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.[9][10]

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.[11]

Port assets
City Country or Region Name Share
Barcelona Spain Barcelona Europe South Terminal (BEST) in Port of Barcelona Wholly owned [12]
Buenos Aires Argentina Port of Buenos Aires (Terminal 5) Wholly owned subsidiary
Brisbane Australia Port of Brisbane (Berths 11 & 12) Wholly owned subsidiary
Sydney Australia Port Botany (Terminal 3) Wholly owned subsidiary
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 Egypt
Duisburg Germany Duisburger Container Terminal GmbH Subsidiary[lower-alpha 1]
Hong Kong Hong Kong SAR, PRC Asia Port Services Wholly owned subsidiary
Hong Kong (Kwai Tsing District) Hong Kong SAR, PRC Kwai Tsing Container Terminals (CT4, CT6, CT7, CT9N) Subsidiary (66.5%)
Hong Kong (Kwai Tsing District) Hong Kong SAR, PRC Kwai Tsing Container Terminals (CT8) 2nd largest shares holder (33.3%) after COSCO Pacific
Hong Kong (Tuen Mun District) Hong Kong SAR, PRC River Trade Terminal Joint venture (50%) with Sun Hung Kai Properties
Jakarta Indonesia Jakarta International Container Terminal Joint Venture (51%)
Jakarta Indonesia Terminal Petikemas Koja Subsidiary
Karachi Pakistan Karachi International Container Terminal Subsidiary
Karachi Pakistan South Asia Pakistan Terminal Subsidiary
Taranto Italy Taranto Container Terminal S.p.A. Joint venture (50%)[13]
Busan Korea Republic Hutchison Busan Container Terminal Subsidiary
Busan Korea Republic Hutchison Gamman Container Terminal Subsidiary
Gwangyang Korea Republic Hutchison Kwangyang Container Terminal Subsidiary
Gwangyang Korea Republic Korea International Terminals (Port Phase II) Subsidiary (89%)
Veracruz Mexico Internacional de Contenedores Asociados de Veracruz (ICAVE) Subsidiary
Lazaro Cardenas Mexico Lázaro Cardenas Terminal Portuaria de Contenedores (LCTPC)
Port Klang Malaysia Westports Malaysia Sdn Bhd 2nd largest shares holder (30%) as of 2000[14]
Dar es Salaam Tanzania Tanzania International Container Terminal Services Subsidiary (70%)[15]
Isle of Grain United Kingdom London Thamesport Wholly owned subsidiary
Harwich United Kingdom Harwich International Port Wholly owned subsidiary
Felixstowe United Kingdom Port of Felixstowe Wholly owned subsidiary
Rotterdam Netherlands HUTCHISON PORTS ECT ROTTERDAM Wholly owned subsidiary
Yangon Myanmar Myanmar International Terminals Thilawa Wholly owned subsidiary

Notes
  1. As a subsidiary of Europe Container Terminals B.V., a subsidiary of HPH (98%)

References
  1. "Hutchison Ports to Develop Container Terminal in Ukraine | World Maritime News". worldmaritimenews.com. Retrieved 2019-02-07.
  2. Le Rossignol, Marie-Hélène (April 2007), Global Terminal Operators: An overview (PDF), Washington, D.C., pp. 7–9
  3. "PSA buys 20% stake in HPH Hutchison Port Holdings, Hutchison Whampoa, PSA, Acquisition and mergers,". www.worldcargonews.com. Archived from the original on 2017-06-18. Retrieved 2016-04-10.
  4. 和黃信託形式　分拆港深碼頭　新招賣資產. Apple Daily (in Chinese). Hong Kong: Next Media. 19 January 2011. Retrieved 21 November 2017.
  5. "Becoming Hutchison Ports". Hutchison Port Holdings. Archived from the original on 9 October 2016. Retrieved 6 October 2016.
  6. "Ukraine. Port of Chornomorsk signed a memorandum with Hutchison Ports". UkrAgroConsult (in Russian). Retrieved 2017-01-26.
  7. "Hutchison Ports signs MOU for development of Chornomorsk Port in Ukraine" (Press release). Hutchison Port Holdings. 19 December 2016. Retrieved 20 November 2017.
  8. "保障不足需求有限　李嘉誠願望落空　港拒跟星拓商業信託". Apple Daily (in Chinese). Hong Kong: Next Media. 31 January 2011. Retrieved 21 November 2017.
  9. "Singapore: HPH Trust acquires 41.3% in HICT for $86.26m -". DealStreetAsia. Retrieved 2017-01-26.
  10. "ACQUISITION OF EQUITY INTEREST IN HUIZHOU INTERNATIONAL CONTAINER TERMINALS LIMITED" (PDF) (Press release). Hutchison Port Holdings Trust. 28 December 2016. Retrieved 3 March 2020.
  11. "Deals this week: Societe de Transport Lagunaire, Hutchison Port Holdings Trust, Fincantieri". Ship Technology. Retrieved 2017-01-26.
  12. Serra, Joan; Ortega, Maria (28 September 2012). "El port estrena la millor terminal del Mediterrani per mirar a l'Àsia". Ara newspaper (in Catalan). Retrieved 23 November 2018.
  13. Hutchison Port Holdings
  14. "Hutchison Port Holdings acquires 30% stake of Westport Holdings" (Press release). Hutchison Whampoa. 26 September 2000. Retrieved 20 November 2017.
  15. "Annual Report" (PDF). Hutchison Whampoa. 2013. p. 78. Retrieved 14 March 2015.
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