TNAG-2625-FCO40-3816-Visit-by-Douglas-Hurd--Secretary-of-State-for-Foreign-and-Co-1992 — Page 26

16-JUL-1992 18:33

HK GOVERNMENT HOUSE

Hong Kong International Terminals Limited

852 521 1868

P.03

3

Part of the Hutchison Whampoa Group, Hongkong

International Terminals (HIT) is our largest container terminal operator. It claims to be (and almost certainly is) world's largest private terminal operator having an annual capacity of

By mid 1995 HIT 3.3 million containers (twenty-foot units). will have expanded its capacity to 4.2 million or nearly 60% of

Hong Kong's total terminal space.

HIT operates Kwai Chung terminal numbers 4, 6 and 7 and, together with the Chinese State Shipping Line (COSCO) has a

50% share in Terminal 8 (now under construction).

HIT has been aggressive and keen to obtain the

development rights for Terminal 9 (which we will grant towards the end of 1992 or in early 1993) so as to increase its stake in

HIT is likely to the port and to protect its revenue base. lobby for this to the exclusion of all else during the visit.

HIT operates the Port of Felixstowe (UK) and has overseas port investments in Vietnam (Saigon) and Shanghai.