Hutchison expects more mega ships in Shenzhen, busier PRD barges
HUTCHISON Port Holdings Trust expects more mega ships to call at its Shenzhen container terminal, to move cargo around this leading Chinese export manufacturing region.
Its Shenzhen facility in Yantian opened a new berth this year and another will begin operating in the second half, to handle mega ships, said CEO Gerry Yim.
The port operator is also seeing more container barges moving from other parts of the Pearl River Delta to Shenzhen to be loaded onto ships for export.
The Yantian terminal handles 70 per cent and 65 per cent of the Shenzhen area's exports to the US and Europe respectively, the CEO said. The growth at Shenzhen, accounting for half of Hutchison Port's revenue, may eat into some volume at the company's Hong Kong terminal, which is seeing a drop in the cargo it handles, as transshipment volumes decline.
Worldwide, the number of mega ships will probably increase to 250 in two years' time from 150 at present, Mr Yim said.
The global shipping industry's restructuring, including the combination of China Ocean Shipping Group and China Shipping Group, as well as CMA CGM SA's takeover of Singapore's NOL, will affect transshipment volumes in Hong Kong, Mr Yim said. Changes to alliances among shipping operators worldwide also will have an impact, he said.
HUTCHISON Port Holdings Trust expects more mega ships to call at its Shenzhen container terminal, to move cargo around this leading Chinese export manufacturing region.
Its Shenzhen facility in Yantian opened a new berth this year and another will begin operating in the second half, to handle mega ships, said CEO Gerry Yim.
The port operator is also seeing more container barges moving from other parts of the Pearl River Delta to Shenzhen to be loaded onto ships for export.
The Yantian terminal handles 70 per cent and 65 per cent of the Shenzhen area's exports to the US and Europe respectively, the CEO said. The growth at Shenzhen, accounting for half of Hutchison Port's revenue, may eat into some volume at the company's Hong Kong terminal, which is seeing a drop in the cargo it handles, as transshipment volumes decline.
Worldwide, the number of mega ships will probably increase to 250 in two years' time from 150 at present, Mr Yim said.
The global shipping industry's restructuring, including the combination of China Ocean Shipping Group and China Shipping Group, as well as CMA CGM SA's takeover of Singapore's NOL, will affect transshipment volumes in Hong Kong, Mr Yim said. Changes to alliances among shipping operators worldwide also will have an impact, he said.