News Release

1st November 2005

HPH Ports in China Receive China Ports Association Top Awards


[1 November 2005 – Hong Kong] Four HPH ports in China, namely Yantian International Container Terminals (YICT), Ningbo Beilun International Container Terminals (NBCT), Shanghai Container Terminals (SCT) and Shanghai Pudong International Container Terminals (SPICT), were granted with awards of excellence at the 2004-05 Third Annual Container Terminals Summit Forum, organised by the China Ports Association Container Branch in October.

The ports received recognition in the following categories:

“Top Ten Container Terminals in China” – Awarded to YICT, SCT, and SPICT. This is the second consecutive year for these container terminals to receive this recognition.

“Excellence in Container Vessel Operating Rate” – NBCT and YICT both received awards of excellence in this category.

“Excellence in Quay Crane Operating Rate” – YICT received this award of excellence with a single quay crane productivity record of unloading 345 boxes in 5.3 consecutive hours, averaging 65 boxes per hour.

Commenting on the Group’s achievements, Mr. John Meredith, Group Managing Director of HPH said, “These awards of excellence obtained by our ports in China are an acknowledgment of HPH’s operational efficiency which continues to benchmark industry standard. The Group’s ongoing efforts to enhance operational capabilities will contribute to the continued success of the port industry in China.”

The annual event, organised by the China Ports Association Container Branch, attracted nominations from the Association’s 70 members. The panel assessed the participants in various categories including operational results, productivity rates, technical and managerial expertise.

Established in 1995, the China Ports Association Container Branch is an important industry association in China comprising members from 70 related enterprises which represent close to 90% of the country’s total throughput.