News / Less transhipment cargo and uncertainty over new US policy hits HPHT profits

Hutchison Ports Holdings Trust (HPH Trust) recorded a 6% year-over-year drop in throughput for 2016, and has warned of high levels of uncertainty for the year ahead.

The Singapore-listed unit of the global port operator that covers its Pearl River Delta terminals, saw total volumes fall to 22.5m teu, revenue drop 5.6% to HK$11.9bn (US$1.53bn) and operating profit decline 3% to HK$2.95bn ($380m).

In Shenzhen, throughput at Yantian International Container Terminals (YICT) decreased 3.9% to 11.7m teu compared with 2015. HPH Trust said this was ...