HIT's operations return to normal

As union members were allowed to have "peaceful picketing".

According to a release, there has been further development with regard to the interim injunction from the High Court of Hong Kong granted in the evening of 1 April 2013 to Hongkong International Terminals Limited and COSCO-HIT Terminals Limited, a wholly-owned subsidiary and a 50% joint venture of Hutchison Port Holdings Trust, respectively. 

HIT, CHT and their legal counsel attended the HKHC on 5 April 2013 and obtained an order to continue the injunction.

Although the order also permits not more than 80 union members to conduct peaceful picketing in a designated staff car park within HIT’s premises, terminal operations are not expected to be affected.

While industrial actions are continuing, the terminal operations are gradually returning to normal. Hutchison Port Holdings Management Pte. Limited, as the trustee-manager of HPH Trust, continues to work with all parties involved to resolve the industrial actions as soon as possible.

The Trustee-Manager believes that the current events do not have a material adverse impact on the performance of HPH Trust and will provide updates of a material nature to unitholders of HPH Trust as and when appropriate.