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12 July 2020 The on-line newspaper devoted to the world of transports 21:19 GMT+2

January 9, 2019

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Original news
Four of the five containerized terminaliste societies of Hong Kong constitute an operating alliance

Scope is to increase the efficiency of the activities on the 23 docks managed from the companies, all Chineses

Four of the five terminaliste societies that manages the nine container altogether terminal of the port of Hong Kong have signed an alliance pact signing Hong Kong Seaport Joint Operating Alliance (HKSPA) Agreement. The four signers are all Chineses: draft of the COSCO-HIT Terminals (CHT), joint venture 50:50 between the COSCO Shipping Ports, that shipowning group Chinese COSCO Shipping is under responsibility of, and Hutchison Port Holdings Trust (HPH Trust), of Asia Container Terminals (ACT), that Trust, of the Hongkong International Terminals is participated to 60% from the COSCO Shipping Ports and to 40% from the HPH (HIT), that integrally is controlled by the HPH Trust, and the Modern Terminals Limited (MTL), that is participated to 68% from the Wharf (Holdings), to 27% from China Merchants's Port Holdings and to 5% from the Jebsen.

The fifth operating terminalista society in the field of the container to Hong Kong, the Goodman DP World Hong Kong that takes part of the terminalista group DP World of Dubay and that work a solo (the CT3) of the nine terminals for containers of the Chinese harbour port of call, does not take part of the alliance.

Scope of new alliance HKSPA is to increase the efficiency of the activities on the 23 docks that take part of the eight container terminal n. 1, 2, 4, 5, 6, 7, 8 and 9 of the Chinese port, in particular creating ulterior ability through the flexibility generated from the cooperation in the management of approaches and the storage areas, so as to satisfy the necessities of the new great alliances constituted from the navigation companies.

The start of the cooperation between the four societies will happen progressively in the course of this year.

PSA Genova Pra'

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