Throughput at Shanghai and Shenzhen, the two biggest container ports, slumped by 15% and 17% year on year, respectively, in January.
Wherever OOIL shipped its goods, Hutchison, flush with property profits from Hong Kong, would build on its partner's introductions to acquire a stake in container ports.
It is also one of the largest container ports in the country, but is not dominated by its docks, and the town has its attractive areas with wide, tree-lined roads leading to the centre.
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We shouldn't be letting 95 percent of container ships come into our ports without ever being physically inspected.
But container ships are getting bigger, and that gives ports a problem.
"There are millions of shipments around this country whether it be a cargo container or a rig or shipping coming into our ports and the fact of the matter is you cannot open and examine every one of those, " said FBI Director Robert Mueller.
Assuming the deal goes through, it will create the world's largest container port operator, overtaking Hong Kong's Hutchison Ports .
The West Coast ports are clogged, so Moorman thinks more container ships carrying Asian goods bound for the Midwest and East will dock east of the Mississippi.
And by the way, here in Florida, you are a gateway for this huge Latin American market that's growing. (Applause.) Which is why, during the Recovery Act, we helped local communities revamp their ports and their roads, so that we can move more products onto those container ships that are sending goods down to Brazil and Mexico and other parts -- Argentina, and all across our hemisphere.
Its 29 ports around the world would help Singapore's PSA, the second-biggest container port operator in the world, to gain ground on the industry leader, Hutchison Whampoa Ltd.
Its 29 ports around the world would help Singapore's PSA, the second-biggest container port operator in the world, to gain ground on the industry leader, Hutchison Whampoa Ltd. of Hong Kong.
Competition from new ports, such as Oman's Salalah, has not stopped growth at Jebel Ali, the Dubai container terminal and free zone that all the others have copied.
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