HPH Barcelona

The world’s biggest container terminal operator, Hutchinson Port Holdings Trust (HPH Trust), claims the outlook for global trade “remains positive”, although it has concerns about protectionism and geopolitical tensions.

The Singapore-based trust, reporting its first-quarter trading, said: “2018 is set to be a transformative year for the global shipping line industry, driven by shifting economic trends and trade flows in conjunction with the consolidation of ownership.”

It said it expected investment in expansion and modernisation of port facilities would continue as shipping lines pursued ...

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