COSCO-HIT Terminals, Asia Container Terminals, Hongkong International Terminals and Modern Terminals have signed a Hong Kong Seaport Joint Operating Alliance agreement to improve the management and operation of the territory's Hong Kong port. The four companies will collaborate on 23 berths across terminals one through nine, excluding three, of Kwai Tsing, New Territories in Hong Kong. In addition, they are expected to work together on improving operations at other ports including Tuen Mun, Tsuen Wan and Sha Tin as well as developing new container terminals.
COSCO-HIT Terminals, Asia Container Terminals, Hongkong International Terminals and Modern Terminals have signed a Hong Kong Seaport Joint Operating Alliance agreement to improve the management and operation of the territory's Hong Kong port. The four companies will collaborate on 23 berths across terminals one through nine, excluding three, of Kwai Tsing, New Territories in Hong Kong. The Alliance will begin phasing in operations during 2019, while the use of a common terminal operating system aims to increase berth and yard planning flexibility, as well as maximise terminal facilities and cost synergies, while accommodating larger vessels used by shipping alliances.