he Bahamas, with a population
of fewer than 400,000
people, have some of HWL’s
most interesting ventures.
On the Island of Grand
Bahama, where Hutchison Port Holdings
operations are, the population is even tinier
– only 52,000. Nonetheless, HWL has a
surprisingly diverse range of businesses
including ports, hotels, a cruise ship terminal
and even the Group’s only airport.
In 1995, HWL entered into a 50-50
partnership with the Grand Bahama
Development Company to develop the
Freeport facility. Freeport Container Port
(FCP) commenced operations in 1997. It
is located on Grand Bahama Island about
100 miles from the port of Miami, Florida.
After the completion of the USD83 million
Phase IV Development in 2004, FCP now
has 1,036 metres of berth length with
16 metres of depth alongside. It contains
57 hectares of stacking area and capacity
to handle 1.5 million TEUs per year. It is the
deepest container terminal in the region and
is a major container transshipment hub.
The Prime Minister, the Rt Hon Perry Christie,
spoke earlier this year about the importance
of FCP to the local and regional economy:
“In particular, we are keen to make Grand
Bahama an international shipping hub.
The shipping industry is vitally important to
the growth and continued development of
T
The island of Grand Bahamamay only have 52,000
people – but that is no barrier to serious business.
This tiny island houses a range of HWL businesses
in The Bahamas, including the Group’s only airport.
the Freeport Container Port
in the Bahamas:
Grand Lucayan the largest resort
property in the Bahamas
million teUs per year
hectares of stacking area
OPeRAtiONS FOCUS
PROFILES
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HUTCHISON
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