Greater ChinaPorts and Logistics

Cosco and Hutchison agree to terminal management collaboration

Cosco Shipping Ports and Hutchison Port Holdings Trust has announced that Hong Kong International Terminals (HIT), COSCO-HIT Terminals (CHT), and Asia Container Terminals (ACT) have entered into a formal collaboration for the co-management and operation of 16 berths across Terminals 4, 6, 7, 8 and 9 at Kwai Tsing, New Territories, Hong Kong.

Cosco Shipping Ports said the collaboration will allow for the most effective use of facilities and manpower resources.

The revenue and expenses from the management and operation of the facilities of the combined terminals will be allocated by reference to the respective designed capacity of the facilities owned by each party.

HIT owns 12 berths in Terminals 4, 6, 7 and 9 while CHT and ACT own 2 berths each in Terminal 8 East and Terminal 8 West respectively.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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