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COSCO SHIPPING Ports collaborates with HIT and MTL

Logistic News - Published on Thu, 10 Jan 2019

Image Source: VesselFinder
COSCO SHIPPING Ports Limited announced that COSCO -HIT Terminals (Hong Kong) Limited, Asia Container Terminals Limited, Hongkong International Terminals Limited and Modern Terminals Limited entered into a Hong Kong Seaport Joint Operating Alliance Agreement. The four companies will collaborate with each other for the efficient management and operation of the 23 berths across Terminals 1, 2, 4, 5, 6, 7, 8 and 9 of Kwai Tsing, New Territories, Hong Kong, with an aim to improving the value propo sition of the Combined Terminal Facilities in the context of growing regional competition and maximising efficiencies to the benefit of customers and the industry.

Taking into account the changing dynamics of the shipping industry, in particular with the formation of strategic alliances between shipping lines and the growing use by lines of mega vessels, the cooperation between CHT, ACT, HIT and MTL will create additional capacity by increasing the flexibility in the overall berth and yard planning among the 23 berths across the Combined Terminal Facilities to better accommodate the need of shipping alliances and optimise utilisation of the Combined Terminal Facilities and cost synergies.

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Posted By : Joykumar Irom on Thu, 10 Jan 2019
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