HPH Trust writes down terminals
NewsPort operator books a HK$19 billion impairment charge on the value of terminals in Hong Kong and Shenzhen....
Hong Kong losing out to lower cost competition
NewsSAR Hong Kong’s throughput in the six months of this year rose 6.6% to 11.4M TEU, of which the nine container terminals handled 7.41M TEU,...
PSA acquires HIT stake
NewsIn a surprise move, Hutchison Whampoa Ltd (HWL) has announced that it has agreed to sell 20 per cent and 10 per cent effective equity in Hon...
Business trickles into ACT
NewsAfter remaining idle for about a year, the gantry cranes at Asia Container Terminals (ACT), the twoberth facility now operated by Dubai Port...
DPI wraps up CSXWT acquisition
NewsDubai Ports International (DPI) has completed the acquisition of CSX World Terminals (CSXWT), the international terminal business of CSX Cor...
PSA plans thwarted
NewsSun Hung Kai Properties (SHKP) has sold its 57 per cent stake in Asia Container Terminals (ACT) to existing shareholders CSX World Terminals...
PSA buys into Hong Kong
NewsSingapore’s PSA International has secured a foothold in Hong Kong’s container port by agreeing to pay Sun Hung Kai Properties (SHKP) HK$...
PSA the front runner for CSXWT terminals
NewsSingapore’s PSA Corp, the world’s second largest container port operator, is considered the front runner to grab CSX World Terminals (CS...
CT9 eases the pressure at Kwai Chung
NewsSome 10 months behind schedule, Hong Kong’s Container Terminal 9 (CT9) at Kwai Chung container port will be fully operational by the end o...
CSXWT reorganises
NewsCSX World Terminals LLC has announced the reorganisation of its senior management team in Hong Kong and China following the opening of Asia ...
First CT9 berth comes on stream
NewsThe first berth of Hong Kong’s Container Terminal 9 is due to open for business this month...
CT9 developers fined over delays
NewsThe Hong Kong government has fined the developers of Container Terminal 9 an undisclosed amount for delaying the completion of the first ber...
ACT raises CT9 funds
NewsAsia Container Terminals (ACT) has secured a HK$3.4 bill (US$438 mill) syndicated loan from 27 international banks to pay its share of the c...