First half results for Hutchison Port Holdings (HPH), a unit of Hong Kong's Hutchison Whampoa Limited, show steady growth with Yantian terminals in Shenzhen posting the best performance.
According to the results HPH handled 31.5 million TEUs (twenty foot equivalent units) in the first half of the year, boosting total container throughput by 14%.
Announcing the interim results for Hutchison Whampoa yesterday, chairman Li Ka-Shing said that HPH contributed 16% to the total revenue of the Group's established businesses for the first half.
HPH does not normally reveal throughput data for individual terminals, but Li was able to say that the better performers have been Yantian International Container Terminals which grew by 14%, Hong Kong's Kwai Tsing terminals with 11% growth, Shanghai ports (10% growth) and Europe Container Terminal (12% growth).
According to Li, Hong Kong and Asia are currently benefiting from robust economic growth on the Chinese mainland.
“Although there are emerging concerns relating to the credit environment in the US and Europe and the possible slowing of growth in the US, the economies of the Chinese mainland and Asia remain healthy and should continue to support a growth trend from which the group's diversified portfolio of businesses will continue to benefit,” said Li.
According to the results HPH handled 31.5 million TEUs (twenty foot equivalent units) in the first half of the year, boosting total container throughput by 14%.
Announcing the interim results for Hutchison Whampoa yesterday, chairman Li Ka-Shing said that HPH contributed 16% to the total revenue of the Group's established businesses for the first half.
HPH does not normally reveal throughput data for individual terminals, but Li was able to say that the better performers have been Yantian International Container Terminals which grew by 14%, Hong Kong's Kwai Tsing terminals with 11% growth, Shanghai ports (10% growth) and Europe Container Terminal (12% growth).
According to Li, Hong Kong and Asia are currently benefiting from robust economic growth on the Chinese mainland.
“Although there are emerging concerns relating to the credit environment in the US and Europe and the possible slowing of growth in the US, the economies of the Chinese mainland and Asia remain healthy and should continue to support a growth trend from which the group's diversified portfolio of businesses will continue to benefit,” said Li.