Hongkong International Terminals Limited (HIT) () is one of several key

container port A container port or container terminal is a facility where cargo containers are transshipped between different transport vehicles, for onward transportation. The transshipment may be between container ships and land vehicles, for example train ...

operators in the

Port of Hong Kong The Port of Hong Kong (), located by the South China Sea, is a deepwater seaport dominated by trade in containerised manufactured products, and to a lesser extent raw materials and passengers. A key factor in the economic development of Hong ...

owned by

Hutchison Port Holdings Hutchison Port Holdings Limited (HPH; ), trading as Hutchison Ports (), is a private holding company incorporated in the British Virgin Islands. The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa). Some o ...

, which is the largest port operator in Hong Kong and the

world In its most general sense, the term "world" refers to the totality of entities, to the whole of reality or to everything that is. The nature of the world has been conceptualized differently in different fields. Some conceptions see the worl ...

. HIT operates 12 berths in Terminal 4, 6, 7 and 9 (North) of Kwai Tsing Container Terminals. It also set up a

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 acce ...

(COSCO-HIT) with

COSCO Pacific COSCO Shipping Ports Limited, stylized as COSCO SHIPPING Ports is a Hong Kong listed company and investor in ports. The company is formerly known as COSCO Pacific Limited and was an indirect subsidiary of China Ocean Shipping (Group) Company (COSCO ...

to operate 2 berths in Terminal 8 (East). In 2005,

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 di ...

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 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 f ...

at that time). A year later,

sold 20% shares of its wholly subsidiary

. 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 form of the acronym ...

Holdings acquired 10% shares of HIT from its subsidiary

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 Mai ...

. In 2013, the dock workers went on a strike in the container berths HIT for better pay and working conditions.

References

External links

Hongkong International Terminals Limited
Transport in Hong Kong Ports and harbours of Hong Kong Port operating companies Kwai Tsing District Kwai Chung Tsing Yi Stonecutters Island CK Hutchison Holdings {{HongKong-company-stub

See also

References

External links