Hutchison Port Holdings Limited (HPH; ),

trading as Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchan ...

Hutchison Ports (), is a private

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

incorporated in the

British Virgin Islands ) , anthem = "God Save the King" , song_type = Territorial song , song = " Oh, Beautiful Virgin Islands" , image_map = File:British Virgin Islands on the globe (Americas centered).svg , map_caption = , mapsize = 290px , image_map2 = Bri ...

. The port operator group is a subsidiary of

CK Hutchison Holdings CK Hutchison Holdings Limited is a Hong Kong-based and Cayman Islands-registered multinational conglomerate corporation. The company was formed in March 2015 through the merger of Cheung Kong Holdings and its main associate company Hutchison Wh ...

(formerly Hutchison Whampoa). Some operation of the company were listed as Hutchison Port Holdings Trust in

Singapore Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

. In 2016, the network comprised 48 port operations throughout

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...

, the

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Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...

, the

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and

Australasia Australasia is a region that comprises Australia, New Zealand and some neighbouring islands in the Pacific Ocean. The term is used in a number of different contexts, including geopolitically, physiogeographically, philologically, and ecologi ...

History

In 2005, HPH was the largest port operator in the world, with a 33.2 million TEU throughput, and 8.3% world market share. In April 2006, Hutchison Whampoa sold a 20% share of Hutchison Port Holdings Limited to PSA International for $US4.4 billion, retaining ownership of the remaining 80%. In 2011, some of the assets was spin-off as a listed company as ; the listed company was incorporated as a business trust under Singapore's Business Trusts Act. In September 2016, HPH rebranded its network as Hutchison Ports. In December 2016, the Chornomorsk commercial seaport in western Ukraine, signed a cooperation agreement with Hutchison Ports. Among the agreed upon points are the company's entry into the port as a terminal operator as of 2017. Hutchison will provide expert consultative services to reform and improve Ukraine's port industry.

Associate company

Hutchison Port Holdings Trust

Hutchison Port Holdings Trust is a listed trust in

. Hutchison Whampoa only owned 25% stake, but had the rights to influence the trust by controlling the key stake of changing the

trustee Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility to ...

they nominated before the

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

. In December 2016 The Trust's subsidiaries and Shenzhen Pingyan Multimodal Company Limited, jointly purchased 80% shares of Huizhou International Container Terminals (HICT) from Hutchison Port Holdings for US$86.26 million. In January, 2017 HPH Trust signed a strategic agreement to manage the operations at five terminals, including 16 berths in Kwai Tsing in Hong Kong.

Port assets

Notes

References

External links

* {{FTSE STI constituents CK Hutchison Holdings Offshore companies of the British Virgin Islands Holding companies of Hong Kong Port operating companies Companies listed on the Singapore Exchange