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DP World exits Hong Kong

Hong Kong: DP World is selling stakes in two Hong Kong container terminals and a logistics business for a total of $742m. Hutchison Port Holdings Trust is buying all of Asia Container Terminals which operates container terminal 8 west from DP World and its partner PSA for $279m.

Marcus Hand, Editor

March 8, 2013

1 Min Read
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In a separate deal also announced yesterday DP World said it is also selling to Goodman Hong Kong Logistics Fund 75% of DP World Asia for $463m, which gives it 25% ownership of the ATL Logistics Centre Hong Kong and partial ownership of CSX World Terminals Hong Kong.

DP World said it will recognise a net gain of $151m from the divestments.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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