Friday, December 18, 2009

Hutchison Win Freight Container Port Contract For Sydney

Third Terminal Awarded to Hong Kong Company
Shipping News Feature

SYDNEY – AUSTRALIA – Hutchison Whampoa, the largest by tonnage port management operator in the world, have been awarded the contract for running the third container terminal for Port Botany. The New South Wales State Government first identified Hutchison as a likely contender in a report in November 2007, when the Asian group were identified as preferred bidders for the Port of Brisbane’s two new Fisherman’s Island Berths which will become operational in 2012 and 2014.

Naturally the award will result in more direct competition for operators of the current terminals, namely Asciano subsidiary Patrick and DP World’s Australian P & O Ports Group. The two existing facilities in Port Botany currently handle around a third of all the country’s box traffic and all parties profess confidence that the expanding throughput will continue, although perhaps not for the next couple of years. Port Botany has gone against a world wide trend by posting eight consecutive years of traffic growth even during the recent slump in world trade, although increases in the past few months have only been marginally above previous years.

Hutchison’s competitors have sworn to increase efficiency in a bid to consolidate their market share before the third and final stage of the A$1 billion development is completed. The new facility will add 1850 metres of quayside with five berths and multi modal links. Huchison we be responsible for 1300 metres of the new quay.The state government say up to 9000 new jobs will be created as a result of the scheme.

The new contract means that Hutchison Whampoa now operate in fifty ports globally, over 300 berths spread around twenty five countries having started life in Hong Kong in 1969 and last year moved 67.6 million TEU’s through their facilities.

Pic: Courtesy of Hutchison Whampoa