Hutchison trust in tie-up to develop HK terminal

HUTCHISON Port Holdings Trust (HPH Trust) yesterday announced that it has joined hands with Cosco Pacific Ltd and China Shipping Terminal Development (CSTD) to develop a Hong Kong terminal, the Asia Container Terminals Ltd (ACT).

HPH Trust entered into a strategic agreement with Cosco Pacific and CSTD through their investments of 40 per cent and 20 per cent, respectively, in its wholly-owned subsidiary, Asia Container Terminals Holdings (ACT Holdin…