Word: whampoa
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...most basic level, it has encouraged a wide-eyed admiration. In 2004, the World Bank held a global conference on poverty reduction in Shanghai, and I remember press reports describing the scene each evening. African delegates would gather on the Bund and look over the brown waters of the Whampoa to Pudong, gazing in wonder on an unearthly tableau of neon and skyscrapers built on marshes and paddyfields in not much more than 10 years...
...relations between the city and its mainland economic hinterland. "What Shenzhen ports have been doing is straight-through shipment," DeGolyer says. "You fill a full ship with Wal-Mart stuff, and it goes straight to the U.S." That has left Hong Kong's port - which is managed by Hutchison Whampoa, the same Hong Kong conglomerate that operates Shenzhen's - to concentrate on more logistically complex operations, including breaking down containers for shipment to multiple destinations. DeGolyer says the overtures toward Hong Kong-Shenzhen integration are an outgrowth of this natural symbiosis. "China likes the idea that bigger is better, more...
...ship's current route and historic movements, its cargo, entire crew roster and maintenance schedule. One ship, the program tells you, is dropping off 6,000 tons of fruit in Rotterdam, another is discharging steel products in Tanzania, while yet another is loading methanol in Malaysia. Port operator Hutchison Whampoa has an equally impressive system to help run its Hong Kong port. Incoming ships send data on their cargoes to Hutchison's operations center onshore. That information then gets fed through computers that optimize the loading and unloading. Hutchison has spread the technology. With 44 ports in 22 countries, including...
...Even at companies with top-notch outside managers, maintaining the bloodline remains paramount. At Hong Kong's Hutchison Whampoa, tycoon Li Ka-shing has been among Asia's most adept at attracting external professional managers, but ultimately, observers believe he'll eventually pass on the chairmanship to his eldest son, Victor. "There's a history of trying to keep things in the family," says shareholder-rights activist David Webb in Hong Kong...
Succession is always a thorny topic, but Li's case is sensitive because of his reputation as a dealmaker whose instincts may be impossible to duplicate. Li is also considered one of Asia's most forward-thinking businessmen. Hutchison Whampoa was an early investor in cell-phone companies such as Voice Stream and Orange, which were sold for huge profits. The company operates mobile-phone networks in Europe, Asia and Australia, though analysts are questioning Li's unprofitable investments in next-generation, or 3G, mobile-phone networks. It has major retail holdings in Europe (Superdrug) and Hong Kong, and also...