Hutchison Port Holdings Trust

[Greenrookie]

A article that is food for thoughts from Clarkson

http://www.hellenicshippingnews.com/News...c0b9548700

The Shifting Patterns of Chinese Box Throughput

---------------------------------------------

Main point:

Top 3 ports of China, Shanghai, HK and ShenZhen, is growing very slowly, in fact, HK shrinks, and Shenzhen is flat, it is Shanghai that is still growing.

The next top 10 is growing better, and the pattern is shifting the ports outside the top 10 gaining growth.

-----------------------------------------

One reason why I buy into HPHT is also I believe the revival of the major trade routes of china with europe and US, I am even more hopeful when I read the news the the guangzhou river delta area might become the second free trade zone after shanghai. I thought HK and Shenzhen ports should benefit rather significantly. I have also thought the smaller ports and the trend of mega ships will feed into the bigger ports transshipment load, it seems ships are going directly to the ports.

Lets hope my line of reasoning is right.

May be the concern of P3 alliance, affected the investment sentiment of HPHT.

P3 Alliance Ref: http://www.forbes.com/sites/robertbowman...-carriers/

One of the concerns is, after the alliance is approved, the P3 alliance will shift their focus on vested ports. Among the P3 alliance, AP Moeller-Maersk has a stake in the Port of Tanjung Pelepas in southern Malaysia, while Mediterranean Shipping has a joint venture with PSA Singapore.

My 2 cents.

(not vested)

Hi city farmer,

For now, the ownership of ports is not the over-riding factor for P3 port of call.
http://www.hellenicshippingnews.com/News...bbe764cf14


There is also the G6, for these alliances to maximize cost savings, I think the bigger ports will still benefits disproportionally when trade recovers. Just my fat hope, haha...