Port major Hutchison expects quiet second half of 2023

Hong Kong-based port major Hutchison handled fewer containers in the first six months of the year, and cargo freight demand will remain sluggish for the rest of the year.
Hutchison's main port is Hong Kong, but the group operates terminals around the world. | Photo: Vincent Yu/ap/ritzau Scanpix
Hutchison's main port is Hong Kong, but the group operates terminals around the world. | Photo: Vincent Yu/ap/ritzau Scanpix

The sluggish container market is dragging down activity at port companies, and Hong Kong’s Hutchison Ports is the latest player to quantify the trend.

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