Page 7 - Sphere No.9 (Sep 2003)

S PHERE
5
HPH in Shanghai JV
MexicanWave
YICT on Growth Track
KIT Link toVietnam
Hutchison Port Holdings (HPH)
is a 30% shareholder in a newly formed
company called Shanghai Pudong
International Container Terminals
(SPICT).
Other shareholders in the JV are Shanghai
Waigaoqiao Free Trade Zone
Stevedoring Company (40%), COSCO
Pacific (China) Investments Ltd. (20%),
and Shanghai Investment Infrastructure
Holdings Ltd. (10%).
With a tenure of 50 years and registered
capital of 1.9 billion yuan (approximately
US$230 million), SPICT operates
Waigaoqiao Terminal Phase I, located
in the Waigaoqiao Free Trade Zone.The
terminal handled over 1.78 million TEU
in 2002.
Heralding the beginning of a new era
of international trade for Indonesia, HPH
and P.T. Pelabuhan Indonesia II
(PELINDO II) marked the official launch
on March 24 of a new container hub port
in Jakarta.
Since 1999, HPH and PELINDO II have
together invested over US$400 million
in a modernisation programme.
The construction of additional quay deck
has created a continuous berth of 1,200m
linking Jakarta International Container
Terminal (JICT) and KOJA Container
Terminal .
The maiden call of Silver Island at Korea
International Terminals (KIT) on
March 8 signified the commencement of
a new direct service between Korea
and Vietnam.
Jointly operated by Sinokor and Hanjin
Shipping, the service deploys three
vessels, calling at KIT every Saturday
and leaving on the same day for Busan,
Hong Kong, Ho Chi Minh, Singapore
and Pasir Gudang.
Additionally, Hanjin Shipping will use
Kwangyang as their transhipment port
for cargo destined for the US.
Shenzhen Pingyan Railway Company
(Pingyan Railway) on May 1 commenced
new multi-modal transportation services
for customers of Yantian International
Container Terminals (YICT).
Owned and operated by HPH (65%) and
Shenzhen Yantian Port Group (35%),
Pingyan Railway supports the
development of the vast inland market by
providing value-added and cost-effective
services while extending international
container transportation from the port to
the inland catchment areas.
It utilises a dedicated 24-km railway line
that connects with the Guangshen
Railway at Pinghunan Railway Station
where it joins the main rail arteries
of China.
HUD Group (HUD) and Melbourne-based
Australian Maritime Services (AMS) in
June signed an agreement for HUD to
acquire on private terms a 55% majority
shareholding in AMS, along with
management control of the company.
The acquisition represents the next step in
the development of AMS, which commenced
operations as a new company in Melbourne
in May 2002, as a long-term provider of
harbour towage services in Australia.A
leading provider of towage services, HUD
Marine has expanded from its Hong Kong
base throughout the world in recent years.
HPH in July acquired a 51% stake
in LC Terminal Portuaria de
Contenedores S.A. de C.V. (LCT).
This is the fourth Port in Mexico
where HPH operates and the 32nd
worldwide.
LCT recently won the concession to
operate and develop container-handling
facilities in the Port of Lazaro
Cardenas, on the Pacific coast.The long-
term concession, which was awarded
in April this year, allows for the immediate
re-opening of an existing one-berth
terminal, as well as providing development
rights for an 85-ha deepwater green
field site.
A highly industrial deepwater port,
Lazaro Cardenas is significantly closer
to Mexico City than Manzanillo, the only
other Mexican Pacific port serving this
important market.
With existing on-dock rail facilities, the
terminal is well positioned to benefit from
the NAFTA rail corridor, which will
stretch from the Gulf of Mexico to the
US Mid-West.
JICT Heralds New Era HUD Enters Australia
Hongkong International Terminals
(HIT) set a new record on July 17 for vessel
productivity. Serving the vessel, Ever Repute,
the terminal achieved a remarkable rate
of 272 moves per hour.This eclipses HIT’s
previous record of 236 moves per hour,
set in April 2000.
On July 22, HIT officially launched
Container Terminal Nine
(CT9), located
on TsingYi
Island. Once
completed in
early 2005,
HIT will
operate
two berths at
CT9 North.
HIT Eclipses Record
P O R T S