HPH Trust and Beibu Gulf Port Group sign memorandum of cooperation to boost economic and trade ties

 HPH Trust and Beibu Gulf Port Group sign memorandum of cooperation to boost economic and trade ties


Hutchison Port Holdings Trust and Guangxi Beibu Gulf International Port Group Company Limited have announced the signing of a memorandum of cooperation, marking a significant step towards strengthening collaboration across the ports and logistics sectors. This partnership aims to promote economic and trade exchanges between Guangxi and Hong Kong, fostering the growth of the Guangdong-Hong Kong-Macao Greater Bay Area and the Beibu Gulf economic zone.

The memorandum of cooperation was signed in the presence of over 50 guests and government officials, including Mr. Liu Ning, secretary of the Communist Party of China Guangxi Regional Committee, Ms. Amy Chan, Commissioner for Maritime and Port Development of the Transport and Logistics Bureau, and Mr. Ivor Chow, chief executive officer of HPH Trust.

By leveraging their respective strengths, the cooperation aims to enhance multimodal transportation collaboration between Guangxi and Hong Kong. The partnership will focus on fortifying connections between the regions, utilising the Beibu Gulf Port as a key link connecting the northwest region overland and the Guangdong-Hong Kong-Macao Greater Bay Area via sea. The ultimate goal is to establish a seamless route connecting Asia with North America, Europe, and other regions, known as the “Western-Beibu Gulf-Hong Kong (Kwai Tsing)/Yantian-Destination route.”

Additionally, the partnership seeks to capitalise on complementary routes and customs clearance efficiencies between Hong Kong and Yantian Port in Shenzhen. This will facilitate transshipment traffic between the Beibu Gulf Port and Hong Kong, promoting collaboration among the logistics hubs “Guangxi-Kwai Tsing-Yantian.”

The cooperation is expected to bring additional cargo volume to the Hong Kong Port and accelerate import/export cargo movement. Shipping goods from the northwest to major Asian regions via Hong Kong can now be completed in just 4-7 days. Currently, Hong Kong has over 170 international weekly container liner services, connecting destinations worldwide.

Ms. Amy Chan, commissioner for maritime and port development of the Transport and Logistics Bureau, stated, “Hong Kong is an important hub port in the region providing excellent port and maritime services. As announced in the Action Plan on Maritime and Port Development in December 2023, we aim to enhance the overall competitiveness of the Hong Kong Port and the Greater Bay Area port cluster. We are pleased to witness the signing of the memorandum of cooperation between Hutchison Port Holdings Trust and Beibu Gulf Group, which facilitates multi-modal transportation between Guangxi and Hong Kong and leverages the international connectivity and efficient services of the Hong Kong Port, contributing to our efforts in consolidating Hong Kong’s position as an international maritime centre.”

Mr. Ivor Chow, chief executive officer of HPH Trust, commented, “HPH Trust is committed to collaborating with leading industry stakeholders to explore development opportunities for its port and logistics-related businesses. We are delighted to cooperate with Beibu Gulf Port Group as we capitalise on the unique strengths of both ports to enhance our overall competitiveness, thereby reinforcing the development of Hong Kong as an international transshipment hub.”

A spokesperson for Beibu Gulf Port Group stated, “This memorandum of cooperation symbolises our commitment to support Guangxi in establishing the ‘One Zone, Two Cities’ model and building it into an important strategic hinterland of the Guangdong-Hong Kong-Macao Greater Bay Area. Dedicated to deepening the cooperation between Guangxi and Hong Kong across the ports and logistics sectors, as well as economic and trade exchanges, the memorandum will catalyse high-quality development towards a maritime economy, making significant contributions to national strategies including the Belt and Road initiative.”

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27 May 2024