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Hutchison Ports Achieves 1.3 Billion TEU Throughput Milestone As It Celebrates 50th Anniversary

2019-05-13 14:15 524

HONG KONG, May 13, 2019 /PRNewswire/ -- Hutchison Ports, the world's leading port investor, developer and operator, announced at its 50th anniversary cocktail reception that it has achieved a cumulative global throughput of 1.3 billion TEU - the world's first operator to have achieved such milestone. If those containers were to be lined up end-to-end, they would go around the earth almost two hundred times.

Mr. Frank Chan, Secretary for Transport and Housing Bureau of the HKSAR Government and Mr. Eric Ip, Group Managing Director of Hutchison Ports, at the cocktail reception
Mr. Frank Chan, Secretary for Transport and Housing Bureau of the HKSAR Government and Mr. Eric Ip, Group Managing Director of Hutchison Ports, at the cocktail reception

Attending the event was guest-of-honour Mr. Frank Chan, Secretary for Transport and Housing Bureau of the HKSAR Government, who officiated at the ceremony together with the management team of Hutchison Ports. He said, "Today, over 90 per cent of freight volume to and from Hong Kong is transported by sea, demonstrating the vital importance of our maritime industry to Hong Kong's economy. Hong Kong is the seventh largest merchandise trading entity globally, and the majority of port cargo is transported in containers. Hong Kong is also one of the ten busiest container ports in the world. Hutchison Ports plays a vital role in facilitating Hong Kong as well as global container trade and has contributed to the growth of Hong Kong as a global trading centre."

Speaking at the ceremony, Mr. Eric Ip, Group Managing Director of Hutchison Ports, said, "Our story begins here in Hong Kong with a single berth, and Hong Kong remains the key hub for our global operations - our home base for grooming talent based here and overseas. Over the last fifty years, we have built a solid foundation and put in place a strong and balanced portfolio that is evenly distributed amongst all the regions, creating a portfolio that is resilient, especially in times of volatility. We are extremely proud to have played our part in the growth of Hong Kong as a global trading centre. This is truly a Hong Kong success story."

"These achievements would not have been possible without the continued support from our business partners, customers and most importantly the dedication and commitment of our staff. A special tribute to the pioneers of Hutchison Ports, who ventured into the uncharted territories of the port and logistics sector with an entrepreneurial spirit. They have helped build a solid foundation for future growth," he added.

As the largest HK-based ports and logistics company with a workforce of more than 30,000 people worldwide, Hutchison Ports operates in 51 ports across 26 countries and handles 11% of global marine cargo trade, meaning 1 in 9 containers shipped around the world has gone through one of its ports.

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About Hutchison Ports

Hutchison Ports is the port and related services division of CK Hutchison Holdings Limited (CK Hutchison). Hutchison Ports is the world's leading port investor, developer and operator with a network of port operations in 51 ports spanning 26 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. Over the years, Hutchison Ports has expanded into other logistics and transportation-related businesses, including cruise ship terminals, airport operations, distribution centres, rail services and ship repair facilities.

In 2018, Hutchison Ports handled a combined throughput of 84.6 million TEU.

Photo - https://photos.prnasia.com/prnh/20190513/2464210-1

Source: Hutchison Ports
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