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HPH Trust's Hong Kong terminals mark 200m teu

HPH Trust's Hong Kong terminals mark 200m teu
Hutchison Port Holdings' (HPH) Hong Kong assets marked a significant milestone on Friday, with cumulative throughput of 200m teu.

The terminals, Hongkong International Terminals, Cosco-HIT Terminals, Asia Container Terminals together with related portfolio ancillary services, are grouped under Hutchison Port Holdings  Trust (HPH Trust) and practically dominate the city's container terminal sector.

That they have set this remarkable milestone for Hong Kong’s container port industry shows their significant contributions to the  industry and the city's overall economic development over the past half century. Congratulating HPH Trust on this important chapter in the history of Hong Kong’s container port industry, Secretary for Transport and Housing Anthony Cheung Bing-leung said: “Despite the impressive performance of the Hong Kong Port, maintaining the port’s competitiveness is no easy business."

He added: "In strengthening our competitiveness, we should also recognise the potential from strong domestic demand of emerging markets in the region and the many new opportunities to be brought about by the national 'Belt-and-Road' Initiative. The Hong Kong Port no doubt will have an important role to play in the development of the Initiative.”

HPH Trust ceo Gerry Yim said: “Hongkong International Terminals (HIT) recently celebrated its 45th anniversary and is now part of this 200 million teu milestone. These achievements would not have been possible without our dedicated and efficient colleagues, who continuously drive the local logistics industry and contribute to
Hong Kong’s economic development."

Citing Hong Kong's excellent system and facilities, as well as its efficiency and flexibility as unique strengths, Yim noted HIT's leading role as an innovator with recent initiatives including Hong Kong’s first crane-electrification programme, becoming the first terminal operator in Hong Kong to install remote-control operations for rubber-tyred gantry cranes and rail-mounted gantry cranes and replacing the jib cranes at the barge wharf with barge quay cranes.

Yim added: “Facing the recent challenges, our strategy is 'Be Prepared'. Our company will not diminish its development; on the contrary, we have committed a HKD1.8bn equipment investment plan to enhance our operational standards. There is a sharp rise in transshipment volumes in recent years, which under the cabotage rules, Hong Kong remains as a port of choice for international shipping lines. As such, raising our handling efficiency is very vital to support Hong Kong’s development as a logistics hub and maintain its competitiveness, setting trends and standards along the way. We are also encouraged that the government is pushing ahead a new land use and barge berth strategy to support the container port industry. “