ShippingWatch

Port giant Hutchison sees trade war as a risk

The world's largest port and terminal company, Hutchison, has performed nicely in the first half of 2018 with improved revenue and operating profit. But the trade war puts a damper on expectations for the rest of the year.

Photo: Hyundai Merchant Marine

Hong Kong-based Hutchison handled 40 million twenty-foot containers in the first six months of 2018, one percent less than the same period last year, according to the latest report from the major port and terminal company, published as part of Hutchison Group's accounting.

Still, the terminal operator delivered improved key financial figures, as both revenue and operating profit increased. Revenue in port and related services grew 8 percent to HKD 17 billion (USD  2.7 billion) compared to the first half of 2017.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Eurotunnel accuses DFDS of unfair competition on English Channel

Getlink, which owns the railroad service Eurotunnel under the English Channel, accuses ferry operators DFDS and P&O ferries of having struck an unfair deal on the Dover-Calais route in terms of competition. DFDS CEO Torben Carlsen rejects the accusation to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs