Hutchison Loses Out to DP World as Felixstowe Woes Bite Port Performance — Panjiva


Hutchison Loses Out to DP World as Felixstowe Woes Bite Port Performance

Corp - Ports 663 Corp - Shipping 610 Mode - Containerized 1006 Mode - Seaborne 1275 United Kingdom 194

Port activity in the U.K. is suffering widening disruptions as a result of IT implementation failures at Felixstowe, owned by Hutchison Ports. That’s led to other ports being overloaded and container lines to divert vessels – most recently by both the Ocean and THE alliances – or update service schedules more broadly. That comes as U.K. port handling declined for a sixth straight quarter in 2Q 2018 with a 2% drop on a year earlier. Felixstowe was the worst-performing major port with a 10% slump on a year earlier in 2Q. By contrast London, including DP World’s Gateway, saw an ...

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