After a five-year delay, Hutchison Port Holdings is to begin operations at a new container terminal in Pakistan before the end of 2016, and will see mega-ships calling at Karachi for the very first time, according to Bloomberg.
Abid Butt, CEO of Karachi-based freight company e2e Supply Chain Management, said: “Pakistan has been lagging behind big time and now we are moving into the future with this terminal being one of the deepest in the region.
“The port can become a transshipment location given India is congested and located better than Dubai’s Jabel [sic] Ali.”
PTI previously reported that China had leased more than 800ha of land in order to build the port’s first free economic zone (FEZ) in Gwadar.
Hutchison Port Holdings Trust’s total throughput was previously said to have reached a total of 200 million TEU.
Fact File: Hutchison Port Holdings Limited (HPH) is the port and related services division of CK Hutchison Holdings Limited (CK Hutchison). HPH is the world’s leading port investor, developer and operator with a network of port operations in 48 ports spanning 25 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia.