Hutchison Ports is the port and related services division of CK Hutchison Holdings Limited. Hutchison Ports is the world’s leading port investor, developer and operator with operations 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, distribution centres, rail services and ship repair facilities.
King Salman Energy Park (“SPARK”) and Hutchison Ports are pleased to announce the signing of the concession agreement to manage and operate SPARK’s dry port and bonded logistics zone (“Dry Port”). The concession was awarded to a newly established joint venture, Energy City Logistics Company (“ECLC”), between SPARK and Colour Path Holdings Limited, a Hutchison Ports company. A signing ceremony was held to commemorate the special occasion, and it was attended by senior management from both companies.
Boluda Towage (“Boluda”), the world’s largest tugboat operator, announces its strategic investment in Hongkong Salvage and Towage Services Limited (“HKSTS”), a new joint venture formed as a member of CK Hutchison Holdings. HKSTS’ principal services include salvage and towage and marine project management business. Through this collaboration, Boluda will be able to expand its business portfolio into Asia and enhance HKSTS service offerings of salvage and towage services, benefiting both companies, business customers and the maritime industry.
Hutchison Ports, the global port operator, is pleased to announce a significant investment in Ain Sokhna Port, Egypt’s major port, and B100, a new container terminal in the Port of Alexandria. The total investment of the two projects is approximately US$700 million, bringing Hutchison Ports’ total investment in Egypt to over US$1.5 billion and paving a solid foundation for the company’s strategy to expand its network and enhance its capabilities in emerging markets.