CK Hutchison Holdings Limited - About Us > Milestones
Milestones
  • In January, Hutchison Port Holdings (HPH) has signed an agreement to lease two new container berths (Berths 11 and 12) from the Port of Brisbane Corporation. Brisbane Container Terminals, a wholly-owned subsidiary of HPH, has been established to operate the new container-handling facility. The investment in the new terminal, which will be leased for a period of 42 years, will exceed A$200 million.

  • In April, Husky Energy announces that an agreement has been reached with CNOOC Ltd to jointly develop the Madura BD gas and natural gas liquids field located offshore East Java, Indonesia. The agreement covers the development and further exploration of the Madura Straits Production Sharing Contract (PSC). Under this transaction, CNOOC Ltd will pay Husky USD125 million to acquire a 50 per cent equity interest in Husky Oil (Madura) Limited, which holds a 100 per cent interest in the Madura Strait PSC. 

  • In May, HWL announces the launch of a new division, Hutchison Water - a provider of comprehensive water production and treatment solutions. Hutchison Water looks to tap into the rising demand for water globally as populations and industries grow by providing efficient and cost effective solutions for each client's water needs. 

  • In May, Cheung Kong Infrastructure Holdings Limited (CKI) and Hongkong Electric Holdings Limited (HEH) announce that they have entered into an agreement for HEH to acquire from CKI, a 50 per cent interest in a company formed by CKI for the acquisition of the Wellington electricity distribution network from Vector Limited in April. The Wellington electricity distribution network supplies electricity to the city of Wellington, the capital of New Zealand, and extends to the Porirua and Hutt Valley regions of New Zealand.

  • In December, Hutchison Port Holdings (HPH) and the Ports of Stockholm jointly signed a concession agreement that grants HPH the right to operate the container terminal within Stockholm Free Port from 1 March 2009. The agreement also paves the way for HPH to develop new container-handling facilities at the Port of Nynäshamn, Norvikudden, approximately 60 kilometres south of Stockholm. 

  • In December, Hutchison Port Holdings (HPH) and Evergreen Group (Evergreen) signed an agreement whereby, HPH will become a shareholder of Taranto Container Terminal SPA in Italy. The agreement constitutes a share swap of Evergreen's interest in Taranto Container Terminal for a minority stake interest in London Thamesport and ECT Delta. Taranto Container Terminal commenced operations in 2001 under a 60-year concession.

  • In December, Hutchison Port Holdings (HPH) and Nippon Yusen Kabushiki Kaisha (NYK) signed a share-swapping agreement through which HPH will become the majority shareholder of Amsterdam-based Ceres Container Terminals Europe BV (CTE) in the Netherlands. In exchange for the majority stake in CTE, NYK will have a minority stake in Europe Container Terminals (ECT) in Rotterdam. CTE is a holding company of two wholly owned subsidiaries, Ceres Paragon Terminals (CPT) and Ceres Amsterdam Marine Terminals (CAMT).