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HPH Trust to improve operational efficiency to counter slowing growth due to US-China trade war

Amala Balakrishner
Amala Balakrishner5/20/2019 07:30 AM GMT+08  • 8 min read
HPH Trust to improve operational efficiency to counter slowing growth due to US-China trade war
SINGAPORE (May 20): Hutchison Port Holdings Trust (HPH Trust), which operates container terminals in Hong Kong and Shenzhen, is feeling the full-blown effect of the US-China trade war, with container volume handled down and revenue stagnant.
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SINGAPORE (May 20): Hutchison Port Holdings Trust (HPH Trust), which operates container terminals in Hong Kong and Shenzhen, is feeling the full-blown effect of the US-China trade war, with container volume handled down and revenue stagnant.

For FY2018 ended Dec 31, HPH Trust’s throughput for its Yantian port in Shenzhen managed to grow by 4% over FY2017, helped by front-loading of cargo by shippers in 4QFY2018. They were trying to avoid the 25% tariff hike to be imposed by the US on Chinese exports in January 2019.

However, the combined throughput for HPH Trust’s Hong Kong terminals was 7% lower over the same period, owing to a reduction in transshipment cargo. As a result, HPH Trust’s overall throughput volume fell 1% y-o-y to just over 24 million twenty-foot equivalent units (TEUs) in FY2018.

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