Hutchison Port Holdings Trust sees full year profits soar 75%

Hutchison Port Holdings Trust (HPH) has achieved a significant increase of 75% in its profits during 2021, reaching US$458 million.

Additionally, the global port and terminal operator has recorded a revenue increase of 24% year-on-year, totalling almost US$1.7 billion in 2021, while during the same period, HPH’s total operating expenses rose by 9% to more than US$1 billion.

Meanwhile, the operator, which controls Yantian International Container Terminal (YICT) and Hongkong International Terminals...

https://container-news.com/hutchison-port-holdings-trust-sees-full-year-profits-soar-75/

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.

Please logi...

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

Against the odds: Hutchison Port on the mend – double or quits now

Is Hutchison Port Holdings Trust (HPHT) on the way to snatching victory from the jaws of defeat?
That’s a totally fair question.
And a very reasonable answer is a resounding yes.
Background
The 2011 Hutchison announcement that it would hive off its Hong Kong and Pearl River Delta terminals and list them as a trust on the Singapore Exchange – a major capital markets highlight then – raised quite a few eyebrows in the Lloyd’s …

The post Against the odds: Hutchison Port on the mend – double or...

https://theloadstar.com/against-the-odds-hutchison-port-on-the-mend-double-or-quits-now/

Covid-19 has severe impact on CK Hutchison’s H1 earnings

Hong Kong conglomerate CK Hutchison’s ports and terminal operations showed a 19% drop in pre-tax profit to HK$3.45 billion (US$445.68 million) in H1 2020, as the Covid-19 pandemic saw throughput in its terminals worldwide decline 8% to 38.7 million TEU.

CK Hutchison operates terminals in China, Hong Kong, Australia, Asia and Europe. These include those that are in the portfolio of the Singapore-listed Hutchison Port Holdings Trust.

In a filing to the Hong Kong Stock Exchange, CK Hutchison...

https://container-news.com/covid-19-has-severe-impact-on-ck-hutchisons-h1-earnings/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon