As the world redoubles its efforts to reduce emissions, we at Hutchison Ports have a vital role to play in the world’s mission to achieve a net-zero future. It is time for us to turn commitments into action as we make good progress transitioning to green technology and adopting sustainable practises throughout our global network.
The team has successfully paved the way to achieve a set of goals from three key perspectives via implementing smart technology, making green investments, and getting the community ready across the supply chain.
As part of our emission reduction strategy, we have committed to ordering over 100 autonomous trucks to our ports in the UK, Mexico, Egypt, and South China to reduce carbon emissions. In addition, our ports began to install eco-friendly electric-powered equipment and renewable energy such as the installation of solar panels to quayside handling equipment and explore the utilisation of green hydrogen. These green technological enhancements are progressing at full speed and is well aligned to the group’s sustainability agenda. You can read about our green initiatives in the latest edition of our Sustainability Report 2022.
Business wise, we have signed new agreements to develop new terminal facilities in Egypt at Ain Sokhna Port and El Dekheila Port. The new additions will provide us with a solid foundation in a region with significant potential and enhance our capabilities in emerging markets.
I am excited to share the news on the partnership with SPARK to manage and operate a dry port and bonded logistics zone in the Kingdom of Saudi Arabia. The project will accelerate the Eastern Province’s development as a regional logistics powerhouse and contribute to the success of the Saudi Vision 2030.
At home, our collaboration with Boluda, the world’s largest tugboat operator, will boost our salvage and towage capabilities locally, creating a strong alliance that will benefit our customers in terms of integrated service offerings by Hongkong Salvage and Towage Services.
Our sustainability initiatives will continue to be implemented throughout the portfolio moving forward, and our efforts in exploring new investment opportunities in potential markets strategically have never slowed down.
We have just passed the half year mark, and while global business is gradually showing signs of recovery, we have reservations about the momentum of rebound, which may take a longer period to recover to a satisfactory level. With cautious optimism for a full recovery in global demand, we look forward to providing better services with sustainable practices in mind to meet our customers’ market needs.
Group Managing Director