Hutchison Ports has signed an MOU with the Government of Ukraine for the development of Chornomorsk Port on the Black Sea.
The MOU was signed by Clemence Cheng, Managing Director Hutchison Ports Europe, and Volodymyr Omelyan, the Ukrainian Minister of Infrastructure during a visit by the Minister to the Port of Felixstowe. The Minister was joined by Ukrainian Ambassador to the UK, Natalia Galibarenko.
Commenting on the agreement, Clemence Cheng, said:
"We are delighted to sign this Memorandum of Understanding with the Government of Ukraine to develop container terminal facilities at Chornomorsk. We have long seen the potential for growth in container business in Ukraine and look forward to working together with the Ministry of Infrastructure to realise our shared aim of developing world class port facilities to facilitate trade."
Minister Omelyan added:
"I am glad that the world's leading port operator enters Ukraine's maritime market. Government is committed to finalize the agreement and to close the deal in 2017."
Chornomorsk is one of the largest ports in the Black Sea handling a range of cargo including containers, ferries, general and bulk cargoes. Situated in the south-western region of Ukraine 20 kilometres south of Odessa, Chornomorsk has established rail connections to the capital Kiev and existing skilled workforce.
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Notes to Editors:
For further information, please contact Paul Davey, Head of Corporate Affairs, on Tel No: +44 (0)1394 602063 or e-mail daveyps@hpuk.co.uk / www.portoffelixstowe.co.uk. Click here or on the picture above to download a high resolution photograph.
Hutchison Ports is the port and related services division of CK Hutchison Holdings Limited (CK Hutchison). Hutchison Ports is the world’s leading port investor, developer and operator with a network of port operations in 48 ports spanning 25 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. Over the years, Hutchison Ports has expanded into other logistics and transportation-related businesses, including cruise ship terminals, airport operations, distribution centres, rail services and ship repair facilities.
In 2015, Hutchison Ports handled a combined throughput of 83.8 million TEU.
COSCO, HPH Terminal Deal in Hong Kong
Hongkong International Terminals Limited(HIT), COSCO-HIT Terminals (Hong Kong) Limited (CHT), and Asia Container Terminals Limited (ACT) have entered into a formal collaboration for the co-management and operation of 16 berths across Terminals 4, 6, 7, 8 and 9 at Kwai Tsing, New Territories, Hong Kong.
The revenue and expenses from the management and operation of the facilities of the Combined Terminals will be allocated among the parties by reference to the respective designed capacity of the facilities owned by each party.
In a confident response to the changing dynamics of the global shipping industry, which are reflected by the emergence of new strategic alliances between shipping lines, the three companies believe that the Combined Terminals collaboration will allow for the most effective use of facilities and manpower resources.
Efficiency will also be enhanced under the new set-up as one management team will be responsible for the terminals’ day-to-day operations.
This new strategic arrangement would create additional capacity by increasing flexibility in berth and yard planning among all three terminals. This timely improvement will allow the Combined Terminals to better accommodate the need of shipping alliances for enhanced service and increase the overall competitiveness.
This forward-looking move will help sustain Hong Kong's position as a leading transshipment hub in the region.
HIT owns 12 berths in Terminals 4, 6, 7 and 9 while CHT and ACT own 2 berths each in Terminal 8 East and Terminal 8 West respectively.
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