Year-to-date September 2013 throughput of HPH Trust's deepwater ports was 2% lower compared to the corresponding period of 2012.
“There are some signs of improvement on the horizon for the US-bound trade, but the cargo traffic to EU remains soft. Throughput growth of YICT was mainly driven by transhipment cargoes but offset by lower empty volume. HIT's throughput drop was mainly due to weaker transhipment, intra-Asia and US/EU cargoes,” HPH Trust said.
In the first nine months of this year, Singapore-listed HPH Trust posted net profit of HKD1.34bn ($172.84m), down from HKD1.61bn recorded in the same period of last year.
Revenue during the period also dipped to HKD9.26bn from HKD9.28bn.
“Shipping lines continue to deploy more mega-vessels, strengthen cooperation with other carriers by expanding the coverage of the vessel sharing agreements, and centralise container handling at hub ports to achieve efficiency, cost containment and economies of scale,” the port operator said.
“HPH Trust's terminals are well-positioned to capture more business from these shifts given the advantages of the state-of-the-art infrastructure, natural deepwater channels, long continuous berths and scale of operations,” it added.
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