In a move towards greater consolidation in the ports industry, essentially the two main container terminal operators in the port of Hong Kong, Hutchison Port Holdings (HPH) Trust and Cosco Shipping Ports (CSP), have formally tied up their operations.
The ports situation in South China is rapidly changing and while Hong Kong's role within it must evolve as well, the impetus must come from the private sector as it has always done in the city.
Container line Hyundai Merchant Marine (HMM) has introduced a new service connecting Vietnam to China, Hong Kong and South Korea.
Throughput growth at the port of Hong Kong finally turned back into positive territory in October, rising 12.4% to 1.67m teu.