Hutchison Port Holdings Trust expects to continue growing its business in the near to medium term, thanks to the combination of rising ecommerce export volumes from China and Hong Kong, and also growing volume of import cargoes.
Regulatory approval allowing its terminals to eke out better efficiency by working with other Hong Kong port terminal operators will help as well. “All of the above will allow HPHT to continue to grow its business in the next five years,” says the trust’s manager in response to unit holders’ questions sent ahead its AGM on April 19.
HPHT says it has been exploring ways to improve operating profit, which should be reflected in ROI and eventually in distribution per unit.
US exports grew again with a year-on-year increase of 5% in 2020 and up 78% in the first quarter of 2021. China has again proven to be the manufacturing base of the world, being the fastest to resume factory operations during the pandemic.
Going forward, other than cementing the current US exports position, YANTIAN will diversify to build on the increasing imports trend, tap into the e-commerce market and develop non-US markets.
The container shortages that have been adding to logistics logjams in Asia and beyond are showing few signs of being resolved, according to the latest data from Container xChange, the world’s leading online platform for the leasing and trading of shipping containers.In China, average prices for used twenty-foot containers increased 94% between November 2020 and March 2021. The surge from an average price of $1,299 per box in November last year to $2,521 in March indicates that container scarcity is continuing to worsen
sharpshooter post=25708US exports grew again with a year-on-year increase of 5% in 2020 and up 78% in the first quarter of 2021. China has again proven to be the manufacturing base of the world, being the fastest to resume factory operations during the pandemic.
Going forward, other than cementing the current US exports position, YANTIAN will diversify to build on the increasing imports trend, tap into the e-commerce market and develop non-US markets.
In March of 2021, the cargo volume of China ports was 1276.8 million tons, a year-on-year increase of 16.2%, the container throughput of China ports was 23.5million TEU, a year-on-year increase of 14.6%. The chart below shows the cargo throughput and container throughput data of the eight major ports in China.
CONTAINER VOLUME AT 8 MAJOR PORTS IN CHINA CONTINUES TO SURGE IN APRIL 2021
Export container volume increased 15.6% while the domestic volume increased 10.5% in early April. Among which, the port of Xiamen and Shenzhen posted a growth rate of over 30%.
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