Hutchison Port Holdings
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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 |
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.
In 2016, the network comprised 48 port operations throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.[1]
History
[edit]In 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
[edit]Hutchison Port Holdings Trust
[edit]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.[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
[edit]Notes
[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. 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.