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The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa). Some operation of the company were listed as Hutchison Port Holdings Trust in Singapore Exchange . In 2016, the network comprised 48 port operations throughout Asia , the Middle East , Africa , Europe , the Americas and Australasia .
Hutchison Whampoa originated as two separate companies, both founded in the 19th century. Hong Kong and Whampoa Dock was formed in 1863 by John Couper, as a port management company. Hutchison International, a wholesale trading company and importer of consumer products, was founded in 1877 by John Duflon Hutchison. [1] [2]
The Freeport Container Port (FCP) is a major container port in Grand Bahama, The Bahamas, located just west of Freeport. FCP is owned and operated by Hutchison Port Holdings , and opened on July 16, 1997.
But while much attention was focused on Trump’s threat to retake control of the canal, his administration trained its sights on Hutchison Ports, the Hong Kong-based consortium that manages the ports key ports at either end of the canal. Hutchison Ports had recently been awarded a 25-year no-bid extension to run the ports, but an audit looking ...
In a filing, CK Hutchison Holding said Tuesday that it would sell all shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the BlackRock consortium in a deal valued at nearly $23 billion, including $5 billion in debt. The deal has to be approved by Panama’s government.
Hongkong International Terminals Limited (HIT) (Chinese: 香港國際貨櫃碼頭) operates 12 berths in Terminal 4, 6, 7 and 9 (North) of Kwai Tsing Container Terminals and another four at Terminal 8 through a joint venture with COSCO SHIPPING Ports and Asia Container Terminals. HIT is the largest container terminal operator in Hong Kong.
The two units hold 80% in the Hutchison Ports group that operates 43 ports in 23 countries. The consortium, comprised of BlackRock, Global Infrastructure Partners and Terminal Investment Limited, will acquire 90% interests in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal in Panama, according to the filing.
CK Hutchison Holdings Limited (Chinese: 長江和記實業有限公司) is a Hong Kong–based and Cayman Islands–registered multinational conglomerate corporation. The company was formed in March 2015 through the merger of Cheung Kong Holdings and its main associate company Hutchison Whampoa. [2]