Hutchison will not be cowed by strike

Singapore: Singapore-listed Hutchison Port Holdings Trust has issued a release saying that now that subcontractors have accepted a 9.8% pay rise at subsidiary Hongkong International Terminals (HIT), the terminal is working promptly towards returning ...

Hong Kong dockworkers accept Hutchison Port Holdings 9.8% pay offer, end 40-day strike at the container terminal. The workers settled their dispute late Monday by agreeing to the pay offer from four middleman contractors that provide staff to a ...

Port protests overshadowed operations. According to DBS, headline net profit declined 15% y-o-y to HK$380m in 1Q13, but this included about HK$56m in one-off fees to the manager; excluding this, net profit would have declined a milder 3%. DBS noted ...

Shares in billionaire Li Ka-shing's Hutchison Port Holdings went down Friday, as the dockworker strike at Li's HongKong International Terminals at Kwai Tsing dock continues. HPH Trust shares were 1.2 percent lower Friday in Shanghai trading, and ...

Manila: Hutchison Port Holdings (HPH) is one of four parties to make the shortlist of bidders to build and operate a $1.6bn box port in Melbourne. The three other groups shortlisted were the group of CMA CGM, ANL Container Line and Macquarie ...

John Meredith, who has run the Hong Kong-based Hutchison Port Holdings group for the past 42 years, said he was so frustrated at Britain's decline as a manufacturing and exporting nation that he had decided to intervene personally to help small and ...

Terex Port Solutions (TPS) has received an order for ten straddle carriers from Hutchison Port Holdings subsidiary Freeport Container Port (FCP), with an option to purchase an additional 12 machines. The Terex NSC 634 E ECO straddle carriers will be ...

Operational capacity to return to normal. In a release, Hutchison Port Holdings Management Pte. Limited, as trustee-manager of Hutchison Port Holdings Trust, reported that the wage increase proposal put forth by the external contractors of Hongkong ...

Hutchison Port Holdings ' earnings are expected to struggle in fiscal year 2013, as labor disruption at the Port of Hong Kong is likely to drive up wages and limit Hongkong International Terminals' subcontracted labor flexibility, according to a ...