- Hutchison Port Holdings Trust (HPHT) remains one of the most exposed among Chinese coastal ports to US-China trade tensions, as Yantian Port handles roughly one-quarter of China’s total container exports to the US. Cargo exported from Yantian International Container Terminals (YICT) primarily consists of furniture, toys, heavy equipment, and garments.
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Due to the impact of elevated US-China tariffs, recent ocean freight bookings from China to the US have significantly declined.
- According to container shipping carriers and freight forwarders, reactions vary across buyers and industries, ranging from a complete halt in shipments to a 30%-40% drop in booking volumes on the China-US trade lane.
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HPHT’s 1Q25 performance supported by front-loading; weakness expected in 2Q25.
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