Despite the easing of COVID precautionary measures and cross-border controls in early 2023, the Port of Hong Kong has been experiencing weakened demand in global trade due to geopolitical tensions, interest rate hikes, inflationary pressures, coupled with fierce competition from neighbouring ports. In view of these challenges, HIT will continue to optimise the use of terminal facilities and resources, while investing in automation and digitalisation to fuel the port development. 

Our capabilities in handling the new generation of mega vessels are demonstrated in welcoming the over 24,000-TEU OOCL SPAIN, one of the world’s largest container vessels, on her maiden voyage, strengthening the city’s position as an international maritime centre. 

Following its pioneering roll-out of 5G technology and completion of successful pilot projects, HIT has integrated 5G in its daily operations including controlling remote rubber-tyred gantry cranes (RTGC), and in CCTV systems with AI intrusion detection features at the gatehouse and on quay cranes.

HIT, as a member of Hutchison Port Holdings Trust (HPHT), a business trust listed in Singapore, actively contributes to sustainable port development. In line with HPHT's commitment to reducing 30% of its carbon emissions intensity by 2030 compared to 2021 levels, HIT continued its emission-reduction initiatives with solar photovoltaic systems installation on rooftop of substations, and revolutionised the application to the rooftops of quay crane machinery house. Additionally, we have undertaken various energy conservation and emission-reduction measures, such as converting hybrid RTGCs to electric ones, transiting fossil-fuel powered vehicles to electric ones, and replacing conventional lighting with LED technology on cranes and buildings. 

In late 2023, HIT kicked off a proof of concept for Autonomous eTrucks (“AeTs”) in collaboration with other HKSPA members. The introduction of AeTs aims to enhance operational efficiency and safety and minimise carbon footprints, while enabling seamless navigation within the terminals. Through these combined efforts, the Port of Hong Kong is steadily realising its target of becoming a smart and green port.

We have been actively collaborating with the HKSAR Government, the Central Government and industry stakeholders to explore avenues that enhance the port's competitiveness. Positive outcomes include the introduction of the Action Plan on Modern Logistics Development and Action Plan on Maritime and Port Development Strategy. 

Despite the challenging year faced by most port operators, HIT displays resilience through its focus on creating a sustainable future, both in terms of business and the environment. Leveraging its strong fundamentals, HIT will continue to maximise opportunities, improve connectivity, streamline and upgrade port operations, and expand capabilities throughout the entire value chain.

As we embark on another new year, we embrace a renewed sense of optimism and hope for the maritime industry in Hong Kong, confident that together we can navigate the challenges ahead and chart a prosperous course for the future.

Ivor Chow
Managing Director
Hongkong International Terminals Limited