HPH Appoints Australian Operations Chief Executive
Hutchison Port Holdings (HPH), the world’s largest container port developer and operator, has appointed eminent private and public sector executive Dr Stephen Gumley to lead its new Australian operations.
As Chief Executive of HPH’s Australian container port operations, Dr Gumley will guide the company’s $700 million investment developing new container terminals in Port of Brisbane and Port Botany that will dramatically increase capacity and introduce more competition into those ports.
The company is also looking at the opportunity to establish itself in Melbourne in the near future.
HPH’s Managing Director for Australasia and North Asia, Raymond Law, says Dr Gumley’s appointment underlines the Group’s commitment to Australia.
“HPH is bringing the full weight of its resources to establishing a technically advanced, strong and efficient stevedore in Australia,” Mr Law said. “We believe that in Dr Gumley we have the person we need on the ground in Australia to channel those resources and create that new entity.
“Dr Gumley’s credentials are impressive and his record exemplary. His leadership of the Defence Material Organisation was recognised with an Order of Australia citation. The DMO is charged with the responsibility of managing the development of large technically complex and strategically critical projects for Australia.
“This, together with Dr Gumley’s fresh approach and proven ability to establish new smart businesses, makes him ideal to introduce a dynamic new stevedoring operation into Australia,” Mr Law said.
Dr Gumley says creating more competition in Australia’s major ports has to be good for importers and exporters, the economy and ultimately every Australian.
“While port development has occurred under the existing duopoly arrangements, the introduction of a capable third stevedore can only drive development harder. A proposition strongly supported by the ACCC in its latest annual review of Australia’s stevedoring operations*,” Dr Gumley said.
“Notwithstanding the variability of the global economy, the consistent theme in Australia’s ports is one of incredible growth in demand. The ability our ports to cater for this continuing growth is fundamental to health of Australia’s economy.
“Last financial year, Australia’s five major container ports handled just over 6.3 million TEU. I doubt you would find a home, a factory or a farm in Australia that doesn’t have a host of items that arrived here in containers.
“With container traffic expected to continue to grow, it is important that our ports continue to grow and function efficiently. We believe our investment in new terminal facilities, the mix of technology and automation we will use to move containers through the terminal, will provide a better service than our competitors. That capability and competition will dramatically improve the capacity of Brisbane and Port Botany.
“On-ground works have already begun on our new terminal in Brisbane and construction works is due to start in Port Botany later this year. When commissioned, our new container terminals will increase the capacity at the Port of Brisbane by over 800K TEU and will lift capacity by 50% to more than three million TEU per annum in Port Botany.
“I’m excited about joining HPH at such a pivotal time in Australia’s port development,” Dr Gumley said.
* Australian Competition & Consumer Commission, Container Stevedoring Monitoring report No 13, October 2011