Hutch a step closer to taking over Hong Kong port

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Fascinating insight into the motivation behind Hutchison’s purchase last week of DP World’s Hong Kong container terminal assets. The world’s largest port operator built a mighty business over several decades through developing container handling facilities in markets where often there were none before, so why invest in a port that shows every indication of being in long-term, if gradual, decline? The answer may well have less to do with freight and shipping, and much more to do with the residual property values of the locations it has acquired.