XN000022-1989-02-10 — Page 2

FRIDAY, FEBRUARY 10, 1989

HK FIRST TO BREAK FOUR MILLION TEU BARRIER

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THE PORT OF HONG KONG IS THE FIRST IN THE WORLD TO REGISTER CONTAINER THROUGHPUT IN EXCESS OF FOUR MILLION TEU'S (20-FOOT EQUIVALENT UNITS).

THE DIRECTOR OF MARINE, MR DERICK HALL, SAID THIS TODAY

DURING (FRIDAY) AT A MEET-THE-MEDIA SESSION

WHICH HE RELEASED THE MAJOR PORT AND SHIPPING STATISTICS FOR 1988 AND OUTLINED THE MAJOR EVENTS AHEAD.

THAT

MR HALL SAID CONTAINER FIGURES FINALISED YESTERDAY SHOWED

IN 4,033,427 TEU'S WERE HANDLED

THE PORT OF HONG KONG IN 1988, REPRESENTING A 16.7 PER CENT INCREASE OVER THE PREVIOUS 3,457,182 TEU'S.

YEAR'S

TONNES

IN TERMS OF TONNAGE, MR HALL SAID A TOTAL OF 81,262,233

PORT OF OF CARGO WERE LOADED AND DISCHARGED IN THE

HONG KONG LAST YEAR, RECORDING AN INCREASE OF 15.2 PER CENT OVER 1987.

SINCE EXPECTED

ON THE PRESENT AND FUTURE DEVELOPMENTS OF CONTAINER TERMINALS, MR HALL SAID THE FIRST BERTH OF TERMINAL 6 HAD BEEN OPERATIONAL

TERMINAL WAS MAY LAST YEAR AND THAT FULL COMPLETION OF THE IN MAY THIS YEAR SOME 12 MONTHS AHEAD OF SCHEDULE.

7 WAS

AWARDED IN

THE TENDER FOR THE DEVELOPMENT OF TERMINAL APRIL LAST YEAR AND IT WAS CONTRACTED TO BE FINISHED BY 1993.

"COMPLETION COULD HOWEVER BE AS EARLY AS 1991, THE TOTAL CAPACITY AT KWAI CHUNG WOULD BE ABOUT FIVE HE NOTED.

BY WHICH TIME MILLION TEU'S,

THE

STILL CONSIDERING

A DECISION WOULD BE

9 AND

MR HALL SAID THE GOVERNMENT WAS LOCATIONS OF CONTAINER TERMINALS 8 AND MADE LATER.

ON FEBRUARY 27 ΤΟ EXPANSION OF

WAS RATE

12 PER

WILL MEET "THE CONTAINER PORT COMMITTEE DECIDE ON THE PLANNED RATE (TRIGGER POINT MECHANISM) OF

PRESENT TERMINALS, " MR HALL SAID, ADDING THAT THE CENT.

YEAR

HE SAID HE EXPECTED TERMINAL 8 TO BE TRIGGERED LATER THIS

MARCH 1994 AND FULL WITH THE FIRST BERTH COMING ON STREAM BY ABOUT COMPLETION BY 1995.

TERMINAL 9 WAS ANTICIPATED TO BE TRIGGERED IN 1990, HE ADDED.

THAT MR HALL POINTED OUT

THE PORT AND AIRPORT DEVELOPMENT

RECOMMENDATIONS LATER STRATEGY STUDY (PADS) WAS EXPECTED TO MAKE THE YEAR REGARDING PORT DEVELOPMENTS WELL INTO THE NEXT CENTURY.

IN

THE FINANCIAL