Hutchison Port Holdings

As a result, two government departments have been asked to look into anomalies amounting to US$3.8m.

Hutchison Port Holdings (HPH) is to expand capacity at its Lazaro Cardenas container terminal to 700,000TEUs a year by 2008. Kansas City Southern (KCS) also plans to link the port by railway to the US mid-west in an effort to avoid congestion at Long Beach and Los Angeles ports. KCS ceo Michael Haverty has indicated HPH and retailer Wal-Mart plan to spend an initial US$300m developing Lazaro Cardenas as an alternative gateway to the US. He said: “Wal-Mart and other retailers are looking for backup routes so that even if some ports face stoppages they have reliable backups.”