News / Container terminal operators see profits boosted by global port congestion

Global terminal operators are profiting from port congestion – surcharges and storage fees are boosting average container yields.

Hutchison Port Holdings Trust (HPHT), which operates a string of terminals across Hong Kong and Shenzhen, saw throughput grow 4% last year, driven largely by the 6% volume growth at Yantian International Container Terminals.

However, the terminal operator’s net profit after tax was HK$3.5bn (US$448.5m), up 75% year on year, down to increased volumes and “effective cost control”, it said.

HPH added: “Global port congestion ...