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Hutchison Port Holdings Limited (HPH; Chinese: 和記港口集團有限公司), trading as Hutchison Ports (Chinese: 和記港口), is a private holding company incorporated in the British Virgin Islands. The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa). Some operation of the company were listed as Hutchison Port Holdings Trust in Singapore Exchange.
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| Hutchison Ports | |||||||||||
| Company type | Subsidiary | ||||||||||
| Industry | Transport, Logistics | ||||||||||
| Founder | John Duflon Hutchison | ||||||||||
| Headquarters | |||||||||||
Area served | Worldwide | ||||||||||
Key people | Eric Ip (Group Managing Director) Sin Ling Tsim (CFO) | ||||||||||
| Products | Port operations | ||||||||||
| Services | Port operations | ||||||||||
| Owner |
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| Parent | CK Hutchison Holdings | ||||||||||
| Chinese name | |||||||||||
| Traditional Chinese | 和記港口集團有限公司 | ||||||||||
| Simplified Chinese | 和记港口集团有限公司 | ||||||||||
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| Website | hutchisonports | ||||||||||
In 2016, the network comprised 48 port operations throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.[1]
History
editIn 2005, HPH was the largest port operator in the world, with a 33.2 million TEU throughput, and 8.3% world market share.[2]
In April 2006, Hutchison Whampoa sold a 20% share of Hutchison Port Holdings Limited to PSA International for $US4.4 billion, retaining ownership of the remaining 80%.[3][4]
In 2011, some of the assets was spin-off as a listed company as Hutchison Port Holdings Trust;[5] 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.[6]
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.[7][8]
Associate company
editHutchison Port Holdings Trust
editHutchison 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.[9]
In December 2016 The Trust's subsidiaries Yantian International Container Terminals (Phase III) Limited and Shenzhen Pingyan Multimodal Company Limited, jointly purchased 80% shares of Huizhou International Container Terminals (HICT) from Hutchison Port Holdings for US$86.26 million.[10][11]
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.[12]
Port assets
editNotes
edit- ^ a b As a subsidiary of Europe Container Terminals B.V., a subsidiary of HPH (98%)
References
edit- ^ "Hutchison Ports to Develop Container Terminal in Ukraine | World Maritime News". worldmaritimenews.com. 19 December 2016. Retrieved 2019-02-07.
- ^ Le Rossignol, Marie-Hélène (April 2007), Global Terminal Operators: An overview (PDF), Washington, D.C., pp. 7–9
{{citation}}: CS1 maint: location missing publisher (link) - ^ "PSA buys 20% stake in HPH Hutchison Port Holdings, Hutchison Whampoa, PSA, Acquisition and mergers". www.worldcargonews.com. Archived from the original on 2017-06-18. Retrieved 2016-04-10.
- ^ "PSA pays $5.9b for stake in stevedore". The Sydney Morning Herald. 2006-04-24. Retrieved 2021-12-22.
- ^ 和黃信託形式 分拆港深碼頭 新招賣資產. Apple Daily (in Chinese (Hong Kong)). Hong Kong: Next Media. 19 January 2011. Retrieved 21 November 2017.
- ^ "Becoming Hutchison Ports". Hutchison Port Holdings. Archived from the original on 9 October 2016. Retrieved 6 October 2016.
- ^ "Ukraine. Port of Chornomorsk signed a memorandum with Hutchison Ports". UkrAgroConsult (in Russian). Retrieved 2017-01-26.
- ^ "Hutchison Ports signs MOU for development of Chornomorsk Port in Ukraine" (Press release). Hutchison Port Holdings. 19 December 2016. Archived from the original on 1 December 2017. 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". Apple Daily (in Chinese (Hong Kong)). Hong Kong: Next Media. 31 January 2011. Retrieved 21 November 2017.
- ^ "Singapore: HPH Trust acquires 41.3% in HICT for $86.26m -". DealStreetAsia. Retrieved 2017-01-26. [unreliable source?]
- ^ "ACQUISITION OF EQUITY INTEREST IN HUIZHOU INTERNATIONAL CONTAINER TERMINALS LIMITED" (PDF) (Press release). Hutchison Port Holdings Trust. 28 December 2016. Retrieved 3 March 2020.
- ^ "Deals this week: Societe de Transport Lagunaire, Hutchison Port Holdings Trust, Fincantieri". Ship Technology. 5 January 2017. Retrieved 2017-01-26.
- ^ Serra, Joan; Ortega, Maria (28 September 2012). "El port estrena la millor terminal del Mediterrani per mirar a l'Àsia". Ara newspaper (in Catalan). Retrieved 23 November 2018.
- ^ 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. Retrieved 14 March 2015.