SINGAPORE (Jan 9): The trustee-manager of Hutchison Port Holdings Trust (HPH Trust) says its subsidiaries have entered into an alliance agreement with a couple of other operators to better manage their container terminals in Kwai Tsing, New Territories, Hong Kong.
Hutchison Port Holdings Management says the objective of the alliance is to improve the value proposition of the combined terminal facilities in the face of growing regional competition; maximise efficiencies; optimise utilisation of the facilities and achieve cost savings.
Hongkong International Terminals (HIT), Modern Terminals (MTL), Cosco-HIT Terminals (Hong Kong) (CHT) and Asia Container Terminals (ACT) on Tuesday entered into the joint operating alliance agreement to collaborate with each other for the efficient management and operation of the 23 berths across Terminals 1, 2, 4, 5, 6, 7, 8 and 9 at Kwai Tsing.
