YICT Phase III in service

The new cranes were manufactured by ZPMC at its Nantong facility in China. They will join eight other ARTGs ZPMC previously delivered to YICT.

A 7% decline in throughput last year, a slow down in China, a write down in value of its assets by over US$1.5 billon, and now a regulatory investigation into the Hong Kong Seaport Alliance are weighing heavily on HPH Trust.

Container Volume fell last year at terminals in both Hong Kong and Shenzhen

In reporting its year-end results for 2015, Hutchison Port Holdings Trust (HPHT) was cautiously optimistic that its Shenzhen and Hong Kong Terminals are well placed for a future with more ULCVs making fewer port calls.

Hutchison Port Holdings (HPH)’s port assets in Hong Kong and Southern China are to be spun off into a new publicly traded entity, which will be listed on the Singapore Stock Exchange.

Although box volumes are growing at a slower rate, 20M TEU/year of new container terminal capacity will be added at south China’s ports over the next five years.