Hutch a step closer to taking over Hong Kong port

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.