Hutchison looking for more bulk

APM Terminals is selling its 20% stake in Dalian Port Container Terminal Co Ltd (DPCT) to state controlled Dalian Port Container.

The ports of Dalian and Yingkou in China’s Liaoning Province are to merge into a new port corporation.

The past 12 months have seen considerable progress in efforts to introduce environment-friendly waterborne coatings into the container manufacturing process.

Hutchison Port Holdings Trust (HPH Trust) has raised US$5.5B from its initial public offering in Singapore in South East Asia’s largest ever stock offer.

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.

Hutchison Port Holdings (HPH) has posted a 35% drop in profit for the first six months of 2009, the biggest decline in at least eight years. The world’s largest container port operator saw pre-tax earnings drop to HK$4.49B (US$575M), while revenues fell 21% to HK$15.6B.