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Hongkong International Terminals
Hongkong International Terminals Limited (HIT) () is one of several key container port operators in the Port of Hong Kong owned by Hutchison Port Holdings, which is the largest port operator in Hong Kong and the world. HIT operates 12 berths in Terminal 4, 6, 7 and 9 (North) of Kwai Tsing Container Terminals. It also set up a joint-venture (COSCO-HIT) with COSCO Pacific to operate 2 berths in Terminal 8 (East). In 2005, Hutchison Whampoa sold 20% shares of HIT (including the 20% of 50% = 10% rights of Terminal 8 East) to PortCapital Ltd (a company that major shareholder was PSA International at that time). A year later, Hutchison Whampoa sold 20% shares of its wholly subsidiary Hutchison Port Holdings to PSA International. In 2009, China Resources China Resources Holdings Company Limited (), or simply China Resources, is a Chinese state-owned conglomerate that owns a variety of businesses in Hong Kong and Mainland China. Some of its subsidiaries use the name in the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tsing Yi
Tsing Yi, sometimes referred to as Tsing Yi Island, is an island in the urban area of Hong Kong, to the northwest of Hong Kong Island and south of Tsuen Wan. With an area of , the island has extended drastically by reclamation along almost all its natural shore and the annexation of Nga Ying Chau () and Chau Tsai. Three major bays or harbours, Tsing Yi Lagoon, Mun Tsai Tong and Tsing Yi Bay () in the northeast, have been completely reclaimed for new towns. The island generally is zoned into four quarters: the northeast quarter is a residential area, the southeast quarter is Tsing Yi Town, the southwest holds heavy industry, and the northwest includes a recreation trail, a transportation interchange and some dockyards and ship building industry. The island is in the northwest of Victoria Harbour and part of its coastline is subject to the Protection of the Harbour Ordinance. Etymology Tsing Yi () literally means "green/ blue/ black clothes", but is also a kind o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwai Chung
Kwai Chung is an urban area within Tsuen Wan New Town in the New Territories of Hong Kong. Together with Tsing Yi Island, it is part of the Kwai Tsing District District of Hong Kong. It is also part of Tsuen Wan New Town. In 2000, it had a population of 287,000. Its area is 9.93 km². Areas within Kwai Chung include: Kwai Fong, Kwai Hing, Lai King, Tai Wo Hau. Kwai Chung is the site of part of the container port of Hong Kong. Origin of the name In earlier times Kwai Chung was called Kwai Chung Tsai (). Kwai Chung was a creek (Chung) that emptied into Gin Drinkers Bay (). The whole bay was reclaimed for land and the creek is no longer visible. Divisions Traditionally, Kwai Chung is divided into Sheung Kwai Chung (), and Ha Kwai Chung (). Administratively, the former is called North Kwai Chung, and the latter South Kwai Chung. Sheung Kwai Chung, Chung Kwai Chung Village () and Ha Kwai Chung Village () are recognized villages under the New Territories Small House P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kwai Tsing District
Kwai Tsing is one of the 18 districts of Hong Kong. It consists of two parts - Kwai Chung and Tsing Yi Island. Kwai Tsing is part of the New Territories. It had a population of 520,572 in 2016. The district has the third least educated residents and their income is below average. Kwai Tsing did not exist as a standalone district when Hong Kong's District Boards were formed in the early 1980s. It remained as a part of Tsuen Wan district until 1985. The newly created district was known as Kwai Chung and Tsing Yi District () until 1988, when its name was shortened to Kwai Tsing District. The internationally famous container terminals can be found within the district, along the shores of Rambler Channel between Kwai Chung and Tsing Yi Island. The Tsing Ma Bridge, leading to the Hong Kong International Airport through the North Lantau Highway, starts at the northwestern end of Tsing Yi Island. Over 75% of the district residents live in public housing. History In 1669, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Operating Companies
A port operator is a port authority or company that contracts with the port authority to move cargo through a port at a contracted minimum level of productivity. They may be state-owned (particularly for port authorities) or privately run. The work involves managing the movement of cargo containers between cargo ships, trucks and freight trains and optimizing the flow of goods through customs to minimize the amount of time a ship spends in port. Maintaining efficiency involves managing and upgrading gantry cranes, berths, waterways, roads, storage facilities, communication equipment, computer systems and dockworkers' union contracts. The port operator also manages paperwork, leases, safety and port security. Largest port operators This is a list of the world's largest port operators in terms of total cargo tonnage handled. *Hutchison Port Holdings (Hong Kong, People's Republic of China) * PSA International (Singapore) * DP World (Dubai, United Arab Emirates) * APM Terminals ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ports And Harbours Of Hong Kong
A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Hamburg, Manchester and Duluth; these access the sea via rivers or canals. Because of their roles as ports of entry for immigrants as well as soldiers in wartime, many port cities have experienced dramatic multi-ethnic and multicultural changes throughout their histories. Ports are extremely important to the global economy; 70% of global merchandise trade by value passes through a port. For this reason, ports are also often densely populated settlements that provide the labor for processing and handling goods and related services for the ports. Today by far the greatest growth in port development is in Asia, the continent with some of the world's largest and busiest ports, such as Singapore and the Chinese ports of Shanghai and Ningbo-Z ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transport In Hong Kong
Hong Kong has a Developed country, highly developed and sophisticated transport network, encompassing both public transport, public and private transport. Based on Hong Kong Government's Travel Characteristics Survey, over 90% of the daily journeys are on public transport, the highest rate in the world. However, in 2014 the Transport Advisory Committee, which advises the Government on transportation issues, issued a report on the much worsened congestion problem in Hong Kong and pointed at the excessive growth of private cars during the past 10–15 years. The Octopus card, a smart electronic money payment system, was introduced in September 1997 to provide an alternative to the traditional banknotes and coins. Available for purchase in every stop of the MTR, Mass Transit Railway system, the Octopus card is a non-touch payment system which allows payment not only for public transport (such as trains, buses, trams, ferries and minibuses), but also at parking meters, convenience ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2013 Hong Kong Dock Strike
The 2013 Hong Kong dock strike was a 40-day labour strike at the Kwai Tsing Container Terminal. It was called by the Union of Hong Kong Dockers (UHKD), an affiliate of the Hong Kong Confederation of Trade Unions (HKCTU) on 28 March 2013, against contracting companies to whom workforce management had been out-sourced by the Hongkong International Terminals Ltd. (HIT), subsidiary of Hutchison Port Holdings Trust (HPHT), which is in turn owned by Hutchison Whampoa Ltd (HWL), flagship company of Li Ka-shing, Hong Kong's richest man. The strike workers demanded better pay and working conditions. The strike ended on 6 May 2013 when the strikers accepted the offer of 9.8% pay rise. It was the longest running industrial action in Hong Kong in years. Public support and media attention on the strike were unprecedented in the city's history. Some observers marked this as the rejuvenation of political engagement. Demands Earlier before the strike, the dockers demanded a 12 percent pay hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Resources Enterprise
China Resources Enterprise is the subsidiary and the listed company of China Resources Holdings. It is a conglomerate enterprise focusing on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Mainland China. Its assets include a 51% share in CR Snow, the largest brewing company in China and a joint venture with SAB Miller. It was a Hang Seng Index Constituent Stock ( blue chip) and is Hang Seng China-Affiliated Corporations Index Constitute Stock (red chip) in the Hong Kong stock market. See also *China Resources China Resources Holdings Company Limited (), or simply China Resources, is a Chinese state-owned conglomerate that owns a variety of businesses in Hong Kong and Mainland China. Some of its subsidiaries use the name in the form of the acronym CR ... * Beer and breweries in China References External links * {{authority control Companies listed on the Hong Kong Stock Exchange Conglomerate companies of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PSA International
PSA International Pte Ltd is a port operator and supply chain company, with flagship operations in Singapore and Antwerp. One of the largest port operators in the world, PSA has terminals across 26 countries, including deepsea, rail and inland facilities. PSA is also involved in distripark and marine services. History Under the 1912 Straits Settlements Port Ordinance, the Singapore Harbour Board was formed on 1 July 1913. On 1 April 1964, the Port of Singapore Authority came into being under the 1963 Port of Singapore Authority Ordinance to replace the Singapore Harbour Board and several organisations that have been operating in the port. In the 1970s, PSA started building a container port in Singapore, and in 1972, handled their first container ship. A decade later, they reached the milestone of one-million-TEU of number of containers processed. They later reached the 5 million TEU mark by 1990, making Singapore at the time as the world’s largest container port. The company b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hutchison Whampoa
Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a diverse array of holdings which included the world's biggest port, and telecommunication operations in 14 countries that were run under the 3 brand. Its businesses also included retail, property development and infrastructure. It was 49.97% owned by the Cheung Kong Group until 3 June 2015, when the company merged with the Cheung Kong Group as part of a major reorganisation of the group's businesses. The combined business was renamed CK Hutchison Holdings Limited. History Hutchison Whampoa originated as two separate companies, both founded in the 19th century. and ''Hutchison International'' was formed in 1877. In the 1960s, Hutchison International – under Colonel Sir Douglas Clague (1917–1981) – gained a controlling interest o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
