Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

HPH moves in on Australia's fastest growing boxport

Brisbane: Hong Kong's Hutchison Port Holdings (HPH) is splashing out US$177 million to lease two new container berths from the Port of Brisbane Corporation (PBC) for 42 years.
Brisbane Container Terminals (BCT), a wholly owned subsidiary of HPH, has been established to operate the new container-handling facility at Berths 11 and 12.
Officially welcoming HPH to Brisbane, the Minister for Transport, Trade, Employment and Industrial Relations, Queensland John Mickel said: "In percentage terms, the Port of Brisbane is Australia's fastest-growing container port and having a global player like HPH come on board is a significant investment during this time of rapid expansion."
John Meredith, HPH group managing director, said that as Australia's third-largest, and fastest growing, container port, Brisbane played an important role in facilitating the increasing trade activities between Australia and Asia, particularly China. [30/01/08]


Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish