Container volumes down 7% at HPH Trust’s hubs

Hutchison Port Holdings (HPH) Trust endured a challenging year in 2022 with declining volumes at its Yantian and Hong Kong hubs reflected in a weaker financial performance.

Full year throughput at HPH Trust’s ports fell by 7% to 22.7m teu, as outbound cargoes to the US and the EU dropped by 12% and 13% respectively.

The weaker performance saw revenue slip by 8% to HK$12.2bn, while profit before tax decreased by 25% to HK$3.6bn.