Independent journal on economy and transport policy
07:44 GMT+1
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the quota the terminalista group DP World in the Pusan Newport Co. it is gone up to 66.03%
HPH Trust acquires the control of the Huizhou International Terminals Container
December 29, 2016
The terminalista group DP World of Dubay has acquired ulterior a 23.94% of the capital of the Pusan Newport Co. (PNC), quota that is yielded by Samsung Corporation and some its branches. With this transaction the participation of the Middle Eastern terminalista group in the PNC is gone up to 66.03%.
With a annual ability to traffic pairs to 5,25 million teu, the container terminal managed from PNC in the port of Busan is largest of the South Korean port of call.
While the terminalista society Hutchison Port Holdings Trust (HPH Trust), through the branches Yantian International Container Terminals (Phase III) (YICT III) and Shenzhen Pingyan Multimodal Co. (PML) has tightened agreements with Hutchison Ports Huizhou, that it is under responsibility of Hutchison Port Holdings (HPH), trustee manager of the HPH Trust, in order to acquire respective 65% and 15% of the capital of the Huizhou International Container Terminals (HICT), of which currently HPH stops 80% of the capital while remaining 20% are possessed by the Huizhou Port Group (HPG). To completion of the transaction the HICT will turn out participated to 65% from YICT III, 20% from HPG and 15% from PML.
HICT possesses and manages the Huizhou International Terminals Container, terminal for containers situated in the Quanwan Port Zones of Daya Bay Economic and Technological Development Zones in the province of Guangdong. The container terminal, that it is the only one in the port of Huizhou, occupies 60 hectares, has docks for a total of 800 linear meters with depth of the -15,7 backdrop meters.
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The terminalista group DP World of Dubay has acquired ulterior a 23.94% of the capital of the Pusan Newport Co. (PNC), quota that is yielded by Samsung Corporation and some its branches. With this transaction the participation of the Middle Eastern terminalista group in the PNC is gone up to 66.03%.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
