Hongkong International Terminals Industry Insights and Developments

Hong Kong International Terminals is a major player in the container terminal industry, with a presence in several key locations around the world.

The company has a strong reputation for efficiency and reliability, with a high volume of container throughput.

Hong Kong International Terminals operates several terminals, including the Kwai Tsing Container Terminals, which is one of the largest container terminals in the world.

The terminals are equipped with state-of-the-art technology, including automated container handling systems and advanced cargo tracking systems.

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Hongkong International Terminals has taken a major leap towards sustainability by investing in solar-equipped quay cranes. The company invested US$10 million in two new quay cranes, which are Hong Kong’s first to be equipped with solar panels on top of the machinery house.

The quay cranes have 84 solar panels installed, which will generate roughly 42,000Wh of energy with a 98.75% system efficiency. This energy will be used to power auxiliary systems such as air conditioning and lighting systems in the quay cranes.

The solar panels will be exposed to sunlight for an estimated three hours every day, making them a reliable source of renewable energy. The energy generated will be a significant contribution to reducing the terminal's carbon footprint.

HIT aims to support the HKSAR government's Hong Kong's Climate Action Plan 2050, which targets carbon neutrality. The company is committed to becoming a green port and reducing its operational impacts on the environment.

The accumulated total energy generated from the solar panels will be over 1.6 million kWh per year, equivalent to charging roughly 3,920 electric cars for a month or 875,000 smartphones for a year. This is a significant step towards a more sustainable future for Hong Kong's ports.

Hong Kong's container port has been struggling with flagging volumes, leading to a major change in the way it operates.

Hong Kong was once the world's largest container port, but it lost its crown to Singapore in 2005.

The Hong Kong Seaport Alliance is a new joint operating alliance that brings together four major operators to manage and operate 23 berths across nine terminals.

Revenue and costs will be shared among the parties at a pre-agreed ratio. This will help them deploy their facilities and resources in a more cost-effective and efficient manner.

The alliance aims to increase flexibility in berth and yard planning to accommodate larger vessels and shipping alliances.

Hong Kong's container port throughput last year is thought to have slid below 20m teu, placing it outside the top five boxports league.