Company:Hutchison Port Holdings
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| Hutchison Ports | |||||
| Type | Subsidiary | ||||
| Industry | Transport, Logistics | ||||
| Services | Port operations | ||||
| Owner |
| ||||
| Parent | CK Hutchison Holdings | ||||
| Website | hutchisonports | ||||
Hutchison Port Holdings Limited (HPH), trading as Hutchison Ports is a private holding company incorporated in the British Virgin Islands. The network is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa).
In 2016, the network comprised 48 port operations throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.
History
In 2005, HPH was the largest port operator in the world, with a 33.2 million TEU throughput, and 8.3% world market share.[1]
In April 2006, Hutchison Whampoa sold a 20% share of Hutchison Port Holdings Limited to PSA International, retaining ownership of the remaining 80%.[2]
In 2011, some of the assets was spin-off as a listed company as Hutchison Port Holdings Trust (zh);[3] the listed company was incorporated as a business trust under Singapore's Business Trusts Act.
In September 2016, HPH rebranded its network as Hutchison Ports.[4]
In December 2016, the Chornomorsk commercial seaport in western Ukraine, signed a cooperation agreement with Hutchison Ports. Among the agreed upon points are the company's entry into the port as a terminal operator as of 2017. Hutchison will provide expert consultative services to reform and improve Ukraine's port industry.[5][6]
Associate company
Hutchison Port Holdings Trust
Hutchison Port Holdings Trust is a listed trust in Singapore Exchange. Hutchison Whampoa only owned 25% stake, but had the rights to influence the trust by controlling the key stake of changing the trustee they nominated before the initial public offering.[7]
Also in December, 2016 The managers of Hutchison Port Holdings Trust announced an agreement to purchase 41.3 percent of Huizhou International Container Terminals (HICT) from the sponsor of the trust for $86.26 million.[8]
In January, 2017 HPH Trust signed a strategic agreement to manage the operations at five terminals, including 16 berths in Kwai Tsing in Hong Kong.[9]
Port assets
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| City | Country or Region | Name | Share |
|---|---|---|---|
| Buenos Aires | Argentina | Port of Buenos Aires (Terminal 5) | Wholly owned subsidiary |
| Brisbane | Australia | Port of Brisbane (Berths 11 & 12) | Wholly owned subsidiary |
| Sydney | Australia | Port Botany (Terminal 3) | Wholly owned subsidiary |
| Freeport | Bahamas | Freeport Container Port Limited | Joint Venture (51%) |
| Willebroek | Belgium | Trimodal Container Terminal Belgium | Subsidiary[lower-alpha 1] |
| Alexandria | Egypt | Alexandria International Container Terminals Company Ltd. | Joint Venture (50%) |
| EI Dekheila | Egypt | ||
| Duisburg | Germany | Duisburger Container Terminal GmbH | Subsidiary[lower-alpha 1] |
| Hong Kong | Hong Kong SAR, PRC | Asia Port Services | Wholly owned subsidiary |
| Hong Kong (Kwai Tsing District) | Hong Kong SAR, PRC | Kwai Tsing Container Terminals (CT4, CT6, CT7, CT9N) | Subsidiary (66.5%) |
| Hong Kong (Kwai Tsing District) | Hong Kong SAR, PRC | Kwai Tsing Container Terminals (CT8) | 2nd largest shares holder (33.3%) after COSCO Pacific |
| Hong Kong (Tuen Mun District) | Hong Kong SAR, PRC | River Trade Terminal | Joint venture (50%) with Sun Hung Kai Properties |
| Jakarta | Indonesia | Jakarta International Container Terminal | Joint Venture (51%) |
| Jakarta | Indonesia | Terminal Petikemas Koja | Subsidiary |
| Karachi | Pakistan | Karachi International Container Terminal | Subsidiary |
| Karachi | Pakistan | South Asia Pakistan Terminal | Subsidiary |
| Taranto | Italy | Taranto Container Terminal S.p.A. | Joint venture (50%)[10] |
| Busan | Korea Republic | Hutchison Busan Container Terminal | Subsidiary |
| Busan | Korea Republic | Hutchison Gamman Container Terminal | Subsidiary |
| Gwangyang | Korea Republic | Hutchison Kwangyang Container Terminal | Subsidiary |
| Gwangyang | Korea Republic | Korea International Terminals (Port Phase II) | Subsidiary (89%) |
| Veracruz | Mexico | Internacional de Contenedores Asociados de Veracruz (ICAVE) | Subsidiary |
| Lazaro Cardenas | Mexico | Lázaro Cardenas Terminal Portuaria de Contenedores (LCTPC) | |
| Port Klang | Malaysia | Westports Malaysia Sdn Bhd | 2nd largest shares holder (30%) as of 2000[11] |
| Dar es Salaam | Tanzania | Tanzania International Container Terminal Services | Subsidiary (70%)[12] |
| Isle of Grain | United Kingdom | London Thamesport | Wholly owned subsidiary |
| Harwich | United Kingdom | Harwich International Port | Wholly owned subsidiary |
| Felixstowe | United Kingdom | Port of Felixstowe | Wholly owned subsidiary |
Notes
References
- ↑ Marie-Hélène Le Rossignol (April 2007), Global Terminal Operators: An overview, 4. An Overview of the top 10 companies : Hutchinson Port Holdings (HPH), pp.8-9; 3. The top 10 GTO, Table 2 "GTO 2005 throughput", p.7, http://www.oas.org/cip/docs/areas_tecnicas/1_reformas_portuarias/15_global_terminal_operators.pdf
- ↑ "PSA buys 20% stake in HPH Hutchison Port Holdings, Hutchison Whampoa, PSA, Acquisition and mergers,". http://www.worldcargonews.com/htm/w20060429.244367.htm.
- ↑ (in zh-hk)Apple Daily (Hong Kong: Next Media). 19 January 2011. https://hk.finance.appledaily.com/finance/daily/article/20110119/14884815.
- ↑ "Becoming Hutchison Ports". HHutchison Port Holdings. https://hutchisonports.com/en/about-us/our-rebranding/. Retrieved 6 October 2016.
- ↑ "Ukraine. Port of Chornomorsk signed a memorandum with Hutchison Ports" (in ru-UA). UkrAgroConsult. http://www.blackseagrain.net/novosti/ukraine-port-of-chornomorsk-signed-a-memorandum-with-hutchison-ports.
- ↑ "Hutchison Ports signs MOU for development of Chornomorsk Port in Ukraine" (Press release). Hutchison Port Holdings. 19 December 2016. Retrieved 20 November 2017.
- ↑ "保障不足需求有限 李嘉誠願望落空 港拒跟星拓商業信託" (in zh-hk). Apple Daily (Hong Kong: Next Media). 31 January 2011. https://hk.finance.appledaily.com/finance/daily/article/20110131/14927648.
- ↑ "Singapore: HPH Trust acquires 41.3% in HICT for $86.26m - DealStreetAsia". http://www.dealstreetasia.com/stories/singapore-hph-trust-acquires-41-3-stake-in-hict-61595/.
- ↑ "Deals this week: Societe de Transport Lagunaire, Hutchison Port Holdings Trust, Fincantieri". http://www.ship-technology.com/news/newsdeals-this-week-societe-de-transport-lagunaire-hutchison-port-holdings-trust-fincantieri-5709786.
- ↑ Hutchison Port Holdings
- ↑ "Hutchison Port Holdings acquires 30% stake of Westport Holdings" (Press release). Hutchison Whampoa. 26 September 2000. Retrieved 20 November 2017.
- ↑ "Annual Report" (PDF). Hutchison Whampoa. 2013. p. 78. http://file.irasia.com/listco/hk/hutchison/annual/2013/ar2013.pdf.
External links
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