COSCO-HIT

HIT introduces remote reefer monitoring

Hongkong International Terminals (HIT), part of the CK Hutchison conglomerate, has launched a 24-hour automated remote reefer container monitoring and management system with the aim of capturing the growing business opportunities in the cold chain logistics market.

Market research website, MarketandMarkets.com estimates the global cold chain market size was valued at US$233.8 billion in 2020 and is projected to reach US$340.3 billion by 2025, as demand for reefers is expected to grow.

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https://container-news.com/hit-introduces-remote-reefer-monitoring/

Covid-19 hits HPH’s H1 performance

Hutchison Port Holdings Trust (HPH Trust) is expecting volumes to recover in H2 2020 as Chinese manufacturing is normalising after being hit hard by Covid-19 in Q1 2020.

The world’s first publicly traded container port business trust, comprising a portfolio of CK Hutchison Holdings’ terminal assets in China’s Pearl River Delta, announced on 27 July 2020 that net profit fell 17% year-on-year in H1 2020, to HK$679 million (US$87 million) as volumes at its terminals in Hong Kong and China...

https://container-news.com/covid-19-hits-hphs-h1-performance/

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