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Hutchison Port Holdings Trust Annual Report 2012 8
Kwai Tsing, Hong Kong
HIT, ACT and COSCO-HIT
HIT is operated by HITL, whose issued
shares are 100% owned by HPH Trust.
Since HIT frst commenced operations at
Kwai Chung in 1976, it has evolved from
a single terminal to encompass 12 berths
across Terminals 4, 6, 7 and 9 at Kwai
Tsing Port, spanning a combined area
of 111 hectares.
ACT is operated by ACTL, a wholly-
owned subsidiary of Asia Container
Terminals Holdings Limited, which HPH
Trust acquired from DP World ACT
Holdings Limited, DP World 8 Limited
and PSA China Pte Ltd on 7 March
2013, for a total cash consideration of
HK$3.917 billion. ACT commenced
operations at Terminal 8 West in 2005.
The terminal comprises two container
berths with a combined area of 29
hectares.
COSCO-HIT is operated by CHT, which
is a 50-50 joint venture formed in 1991
between HIT Holdings Limited, an
indirect wholly-owned subsidiary of HPH
Trust, and COSCO Pacifc Limited. It
became fully operational in 1994 and
is currently made up of two container
berths at Terminal 8 East at Kwai Tsing
Port. The combined area spans
30 hectares.
Due to Hong Kong’s freeport status and
strategic geographic location, Hong
Kong has transformed from an origin
and destination (“O&D”) port into a key
transshipment hub which has become
HIT, ACT and COSCO-HIT’s core service.
Day-to-day operations at HIT, ACT and
COSCO-HIT are effciently managed by
1,900 employees and strongly supported
by 3,500 to 3,800 contract workers.
Shenzhen, PRC
YICT
In Shenzhen, HPH Trust has interests
amounting to 56.4% in YICT (P1&2),
51.6% in YICT (P3), and 51.6% in YWP
which collectively manage 16 berths
across YICT Phases I & II, YICT Phase III,
YICT Phase III Expansion and West Port
Phase I respectively. The port covers an
area of 373 hectares. In addition, three
container berths of West Port Phase II are
currently under construction with an area
of 44 hectares.
Due to its strategic location in east
Shenzhen, YICT is the gateway to the
Guangdong Province trade catchment
area, one of the world’s most important
manufacturing regions. It is also well-
connected to the PRC hinterland by
both highways and national rail. On 8
January 2013, YICT achieved a milestone,
handling its 100 millionth TEU.
Since its commencement of operation
in 1994, YICT has progressed into a
leading O&D port, which mainly handles
trans-Pacifc and Europe-Asia cargoes.
There are a total of 2,300 employees
and 3,000 to 4,000 contract workers
ensuring smooth day-to-day operations
at the port.
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