hutchison port holdings

Hutchison Port Holdings (HPH) intends to make the terminal it runs in Barcelona's Port the most productive in the world, according to Clemence Cheng, Managing Director of HPH Europe. Cheng said that in its first two years the terminal has exceeded all expectations.  The Chinese company will therefore increase its ''commitment'' to Barcelona and will effect the second phase of investment at a cost of €150 million, in addition to the €315 million already invested two years ago. The President of the Catalan Government, Artur Mas, participated on Friday in a ceremony to mark the kick-off of the new phase of construction and took the opportunity to claim the right of self-determination is also in order for Barcelona's Port to have maximum autonomy and not depend on decisions taken far away in Madrid.

The Port of Barcelona, one of southern Europe’s main transport infrastructures, continues to bring positive results. Over the last year the Catalan harbour unveiled two new container terminals, an investment to consolidate the trend of attracting greater container traffic, as the 8.7% increase shows. In addition, the number of cars transported increased by 9.8%. These figures are to be added to the 12% increase in container exports and 25% growth of car exports through Barcelona’s harbour in 2011. Besides, the port in the capital of Catalonia continues to lead the cruise ship sector in Europe, transporting 2.4 million passengers and almost reaching last year’s record high of 2.6 million cruisers.

The Catalan capital hosts the largest and most modern container terminal of the Mediterranean Sea, a true gate for cargo ships, linking Europe with the Middle East, Northern Africa and Asia. BEST, which stands for Barcelona Europe South Terminal, represents a €515 million investment by Hutchison Port Holdings (HPH). This week it has unveiled the first part of the project: 100 hectares to store containers, 1.5 kilometres of docking space for cargo ships, 98 cranes and a provisional international-width railway connection to compete with northern European harbours. However, the Spanish Government has not started the definitive railway connection yet, despite many promises.

The Mayor of Barcelona welcomed the company’s investments and commitment to efficiency at the Port of Barcelona. The Catalan harbour is significantly increasing its container traffic in the last few years. Barcelona’s Port aims to become the main logistical hub in Southern Europe, using the international standard rail gauge to directly connect to Central Europe and new freight terminals. The Catalan company TCB is expanding its freight railway station and its power substation, as well as enlarging the ship docking space. The improvements will increase the maximum number of shipping containers transported by TCB from 0.9 million to 2.3 million by the end of 2013.

The enlargement of Barcelona Port, where Hutchison’s new container terminal will be located, was supposed to be linked by International-width standard railway to Central Europe and be better connected by road. However, the Spanish Minister for Transport and Public Works, Ana Pastor, announced that work cannot start this year; neither can she guarantee the provisional solution will be in place in June, when the new container terminal was supposed to start operating. Since the Spanish Government has not started the work, the technical studies have expired. “Hopefully they will be redone by the end of the year”, said Pastor.

The Port of Barcelona registered a record in the number of containers destined to international exports. China has consolidated its position as the main destination of containers departing from Barcelona. In addition, the number of cruisers boomed by 17% in the first eight months of the year compared to the same period last year.