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HIT As the Global Fresh Fruit Gateway to China
Article Date: 06/09/2018

(Hong Kong, 6 September 2018) Hutchison Port Holdings Trust’s (HPH Trust) flagship terminal - Hongkong International Terminals (HIT) is the propeller of global fruit express gateway to China. Riding on the advantage of Hong Kong’s free port status and strategically located at the heart of Asia, HIT, the largest port operator in Hong Kong, handled approximately 600,000 TEU of reefer containers in 2017.

According to Rabobank, China will overtake the United States to be the world’s top fresh fruit importer by 2025. The Insights Partners’ projection on the 2018-2020 compound annual growth rate of the world reefer market is expected to rise 7%, supported by higher fruits production and consumption in China and Intra Asia. This indicates the strong critical mass and growth potential of reefer market in China.

Addressed at the 4th Cool Logistics Asia held in Hong Kong today, Mr Gerry Yim, CEO of HPH Trust and Managing Director of HIT remarked, “With the sophisticated network covering all major markets and the vast hinterland, we provide fruit traders with flexibility to cater changing market dynamics.”

“Ports are not homogeneous and we differentiate by shipping service network, inland connectivity, customer orientation and logistics chain integration.” Speaking at the forum, Mr Yim shared the fresh challenges and opportunities that beset the cold chain and how the role of port is evolving to keep pace with the new era.

The cold chain has endured unprecedented challenges and uncertainties, which include the geopolitical risks, increasing concern on food safety, fragmented supply chain and the high shrinkage of fresh produce. “Clearly, port can contribute to the ecosystem and reduce shrinkage by providing a fresher proposition to customers by accelerating supply chain velocity,” Mr Yim expressed.

HIT is taking a proactive approach in digitalising the process and accelerating information flow. Digitalization initiatives such as remote reefer monitoring, electronic release orders (eRO) and track and trace solutions help to bring efficiency and visibility to the supply chain. “While liners are our main customers, HIT is keen to extend the reach to stakeholders along the supply chain and co-create a logistics ecosystem,” Mr Yim said. To stay ahead of the game HIT is far more than gateways for shipping and will perform a key role in developing tomorrow supply chains.

The 4th Cool Logistics Asia, which held alongside Asia Fruit Logistica, is the leading event for the fresh produce industry in Asia, with over 13,000 fruit traders and logistics experts from 70 countries.

Mr Gerry Yim, CEO of HPH Trust addressed at the 4th Cool Logistics Asia.