{"id":2996,"date":"2009-03-18T12:24:00","date_gmt":"2009-03-18T12:24:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/coastlink\/2009\/03\/18\/hph-abandons-manta-and-20m-investment\/"},"modified":"2026-08-27T15:27:21","modified_gmt":"2026-08-27T14:27:21","slug":"hph-abandons-manta-and-20m-investment","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/coastlink\/2009\/03\/18\/hph-abandons-manta-and-20m-investment\/","title":{"rendered":"HPH abandons Manta and $20m investment"},"content":{"rendered":"<p>HPH is now unlikely to claw back that money after the Hong Kong operator walked away from a port concession for the first time in its history.<\/p>\n<p>Hutchison left the facility at the end of last month and various sources in Ecuador were surprised at what one Guayaquil-based shipping agent described as &#8220;a sudden departure, after Hutchison had promised to leave in an orderly fashion&#8221;.<\/p>\n<p>Anthony Tam, a spokesman for HPH in Hong Kong, confirmed the departure. He told Port Strategy: &#8220;Yes, we have left Manta now. The handover has been completed.&#8221;<\/p>\n<p>And Mr Tam added: &#8220;TIDE decided to withdraw from the concession agreement to operate the Port of Manta in Ecuador, on the grounds that there were changes in the concession agreement, unilaterally imposed by the Ecuadorian government, which TIDE found unacceptable.&#8221;<\/p>\n<p>The Hong Kong-based international terminal operator has spent more than $20m on developing the site as a hub port for the West Coast of South America but &#8211; following legal disputes involving stevedores and arguments with the Ecuadorian government about the investment timetable &#8211; it has only managed to secure one regular call: from Chilean carrier Compania Chilena Naviera Interoceanica (CCNI).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hutchison Port Holdings has walked away from the $525m Manta container terminal (TIDE) facility in Ecuador after investing an estimated $20m in the project.<\/p>\n","protected":false},"author":8,"featured_media":2997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[],"sponsor":[],"class_list":["post-2996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-north-america"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=2996"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2996\/revisions"}],"predecessor-version":[{"id":2998,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2996\/revisions\/2998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/2997"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=2996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=2996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=2996"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=2996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}