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Hutchison Port bets on more mega-ships calling at Shenzhen

XOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS AMZN: DEI HURDLESAAPL: DEI RECOMMENDATIONAAPL: INNOVATIONF: MAKING MONEY IN CHINAMAERSK: THE DAY AFTER

XOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS AMZN: DEI HURDLESAAPL: DEI RECOMMENDATIONAAPL: INNOVATIONF: MAKING MONEY IN CHINAMAERSK: THE DAY AFTER

© Foo Piow Loong
© Foo Piow Loong
By

Hutchison is further expanding its facilities in Yantian, Shenzhen. It has already opened a new berth there this year, and in the second half plans to operate another – for mega-ships. The company predicts that the number of mega-vessels worldwide will grow from 150 to 250 in two years. The CEO spoke to Bloomberg, which has come out with an interesting article on the Pearl River Delta ports, and how Hong Kong stands to lose out.

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