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Published: April 2010      

HPH cuts back in Korea...

Hutchison Korea Terminals (HKT), subsidiary of Hong Kong’s Hutchison Port Holdings (HPH), will suspend operations at Hutchison Gamman Container Terminal (HGCT) at the old Pusan port from May 1 because of overcapacity.

The news came a few days after Pusan Newport International Terminal (PNIT), a joint venture of Singapore’s PSA International and South Korea’s Hanjin Corp, handled its first vessel, the 3,800-TEU APL SPINEL. PNIT has a 1,200m quayline with a depth alongside of 16m and is equipped with nine ship-to-shore container cranes. Handling capacity is 2M TEU/year....


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