HUTCHISON Port Holdings Trust (HPH Trust) and Guangxi Beibu Gulf International Port Group Company Limited (Beibu Gulf Port Group) have signed a memorandum of cooperation, marking a significant step towards strengthening collaboration across ports and logistics sectors, while promoting economic and trade exchanges between Guangxi and Hong Kong.
'This pivotal partnership is set to expedite the growth of the Guangdong-Hong Kong-Macao Greater Bay Area and the Beibu Gulf economic zone.' hph Trust said in a statement.
The partnership will primarily focus on fortifying cooperation between the two regions, utilizing the Beibu Gulf Port as a vital link connecting the northwest region over land and the Guangdong-Hong Kong-Macao Greater Bay Area via sea.
Its ultimate objective is to establish a route that seamlessly connects Asia with North America, Europe, and other regions. This envisioned sea-rail intermodal channel is referred to as the 'Western-Beibu Gulf-Hong Kong (Kwai Tsing)/Yantian-Destination route'.
The partnership is expected to bring additional cargo volume to the Hong Kong Port and accelerate import/export cargo movement. For instance, shipping goods from the northwest to major Asian regions via Hong Kong can now be completed in just 4-7 days. Currently, Hong Kong has over 170 international weekly container liner services, connecting destinations across the globe.
The Commissioner for Maritime and Port Development of the Transport and Logistics Bureau, Amy Chan, said: 'Hong Kong is an important hub port in the region providing excellent port and maritime services.
'We are pleased to witness the signing of the memorandum of cooperation between Hutchison Port Holdings Trust and Beibu Gulf Group which facilitates multi-modal transportation between Guangxi and Hong Kong and leverages the international connectivity and efficient services of the Hong Kong Port, contributing to our efforts in consolidating Hong Kong's position as an international maritime centre.'
Ivor Chow, CEO of Hutchison Port Holdings Trust, said: 'HPH Trust is committed to collaborating with leading industry stakeholders to explore development opportunities for its port and logistics-related businesses. We are delighted to cooperate with Beibu Gulf Port Group as we capitalize on the unique strengths of both ports to enhance our overall competitiveness, thereby reinforcing the development of Hong Kong as an international transshipment hub.'
Spokesperson of Beibu Gulf Port Group stated: 'This memorandum of cooperation symbolizes our commitment to support Guangxi in establishing the 'One Zone, Two Cities' model and building it into an important strategic hinterland of the Guangdong-Hong Kong-Macao Greater Bay Area.'
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'This pivotal partnership is set to expedite the growth of the Guangdong-Hong Kong-Macao Greater Bay Area and the Beibu Gulf economic zone.' hph Trust said in a statement.
The partnership will primarily focus on fortifying cooperation between the two regions, utilizing the Beibu Gulf Port as a vital link connecting the northwest region over land and the Guangdong-Hong Kong-Macao Greater Bay Area via sea.
Its ultimate objective is to establish a route that seamlessly connects Asia with North America, Europe, and other regions. This envisioned sea-rail intermodal channel is referred to as the 'Western-Beibu Gulf-Hong Kong (Kwai Tsing)/Yantian-Destination route'.
The partnership is expected to bring additional cargo volume to the Hong Kong Port and accelerate import/export cargo movement. For instance, shipping goods from the northwest to major Asian regions via Hong Kong can now be completed in just 4-7 days. Currently, Hong Kong has over 170 international weekly container liner services, connecting destinations across the globe.
The Commissioner for Maritime and Port Development of the Transport and Logistics Bureau, Amy Chan, said: 'Hong Kong is an important hub port in the region providing excellent port and maritime services.
'We are pleased to witness the signing of the memorandum of cooperation between Hutchison Port Holdings Trust and Beibu Gulf Group which facilitates multi-modal transportation between Guangxi and Hong Kong and leverages the international connectivity and efficient services of the Hong Kong Port, contributing to our efforts in consolidating Hong Kong's position as an international maritime centre.'
Ivor Chow, CEO of Hutchison Port Holdings Trust, said: 'HPH Trust is committed to collaborating with leading industry stakeholders to explore development opportunities for its port and logistics-related businesses. We are delighted to cooperate with Beibu Gulf Port Group as we capitalize on the unique strengths of both ports to enhance our overall competitiveness, thereby reinforcing the development of Hong Kong as an international transshipment hub.'
Spokesperson of Beibu Gulf Port Group stated: 'This memorandum of cooperation symbolizes our commitment to support Guangxi in establishing the 'One Zone, Two Cities' model and building it into an important strategic hinterland of the Guangdong-Hong Kong-Macao Greater Bay Area.'
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