Revenue and other income remained flat at HKD5.9bn and HPH Trust announced an interim Distribution Per Unit of 18.70 HK cents.
Volumes were down in the year to June 2013 as throughput of HPH Trust's deep-water ports fell 2% from last year. HPH said throughput drop at its key Hongkong International Terminals (HIT) was mainly due to weaker transshipment and US/EU cargoes leading to a 6% year-on-year drop in combined throughput of its Hong Kong terminals of HIT, COSCO-HIT and ACT. HPH Trust was also hit by a strike earlier this year at its main HIT terminals.
Demand on the US and EU trade remains weak, HPH trust said. Throughput growth in Yantian International Container Terminals (YICT) was mainly driven by transshipment, empty and non US/EU cargoes for example to Africa, Central and South America leading in contrast to a throughput growth of 2%.
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