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Contact Person : Lily Chan / Anthony Tam
Telephone : (852) 2619 7557
Fax : (852) 2612 0083
E-mail : gca@hph.com.hk
[19 December 2005 - Hong Kong] - Hutchison Port Holdings (HPH) has entered into a joint-venture agreement today with Shanghai International Port (Group) Company Limited (SIPG), APM Terminals, COSCO and China Shipping Group to jointly develop the Yangshan Deep-water Port Phase II Project (Yangshan Phase II). The contract signing ceremony was held at the New Jin Jiang Hotel in Shanghai.
Speaking at the ceremony, Mr. Li Ka-shing, Chairman of Hutchison Whampoa Limited, said, "The Yangshan Deep-water Port affirms Shanghai's status as a major international shipping centre and deep-water container transport hub, and will accelerate growth in the Yangtze River Delta." He continued, "As the first foreign capital firm to invest in and operate container terminals in Shanghai in the early 1990s, the Hutchison Whampoa Group will continue to work with the Shanghai Municipal Government to contribute to Shanghai's future success."
Yangshan Phase II will have a total area of 64 hectares with a quay length of 1,400 metres and a depth alongside of exceeding 15 metres. There will be four deep-water berths capable of handling the latest generation of mega-vessels.
The joint-venture contract signing ceremony was also attended by Han Zheng, Mayor of Shanghai, Lu Haihu, Chairman of the Board, Shanghai International Port (Group) Company Limited, Canning Fok, Group Managing Director of Hutchison Whampoa Limited, James Tsien, Group Executive Director of Hutchison Port Holdings, and officials from the Shanghai Municipal Government.
 Yangshan Deep-water Port Phase II Joint-venture Contract Signing Ceremony (front): James Tsien, Group Executive Director of Hutchison Port Holdings (second from right) and other JV partners signing the contract. |
 Yangshan Deep-water Port Phase II Joint-venture Contract Signing Ceremony (left to right): Li Ka-shing, Chairman of Hutchison Whampoa Limited (seventh from left), Han Zheng, Mayor of Shanghai (eighth from left), Yang Xiong, Vice Mayor of Shanghai (sixth from right) and James Tsien, Group Executive Director of Hutchison Port Holdings (second from right). |
 Li Ka-shing (left) meets with Mayor Han Zheng prior to the signing ceremony. |
 In front of the port model of Yangshan Deep-water Port (from left to right): Li Ka-shing, Chairman of Hutchison Whampoa Limited (fourth from left), Shen Jun, Vice-secretary General of the Shanghai Municipal Government (sixth from left), James Tsien, Group Executive Director of Hutchison Port Holdings (seventh from left) and Canning Fok, Group Managing Director of Hutchison Whampoa Limited (eighth from left). |
Notes to Editors:
Hutchison Port Holdings (HPH), a wholly-owned subsidiary of the multinational conglomerate Hutchison Whampoa Limited (HWL), is the world's leading port investor, developer and operator with interests in 20 countries throughout Asia, the Middle East, Africa, Europe and the Americas.
Today, HPH operates a total of 242 berths in 41 ports together with a number of transportation related service companies. With industry recognised core competence in the effective and efficient management and operation of ports, the HPH Group handled 47.8 million TEU in 2004.
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