Panama
Hongkong International Terminals Limited (HIT) is a member of HPH Trust, the world's first container port business trust. HIT is also a part of Hutchison Ports’ global network of port and logistics operations in 52 ports, spanning 27 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. In answer to dynamic global trade landscape and the need for logistics chain management, HIT diversified its operations beyond the traditional role of a container port operator by leveraging the strength of Hutchison Ports to develop a logistics network based on the principles of efficiency, productivity and cost-effectiveness.
HIT operates 12 berths at Kwai Tsing Container Terminals. Established in 1969, HIT has continuously set industry benchmarks for productivity, efficiency and value-added services. Using state-of-the-art computer systems and award-winning IT applications, HIT has become a pinnacle of industry excellence. In addition, HIT substantially contributes in the continuing development of the Port of Hong Kong and plays a key role in “facilities connectivity”, one of the five major goals of the Belt and Road Initiative. The Port of Hong Kong, recognized as an international transshipment hub, is served by a high frequency of sailings and service coverage: about 310 liner services per week connecting the port to around 450 destinations worldwide.
In January 2019, HIT, Modern Terminals Limited, COSCO-HIT Terminals (Hong Kong) Limited, and Asia Container Terminals Limited formed the Hong Kong Seaport Alliance, a joint operating agreement designed to deliver more efficient service offerings to carriers that call Hong Kong, while enhancing the overall competitiveness of the Port of Hong Kong across the region.
Citi, a leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
GDP (US$ Billion)
65.06 (2018)
World Ranking 76/193
GDP Per Capita (US$)
15,643 (2018)
World Ranking 58/192
Economic Structure
(in terms of GDP composition, 2019)
External Trade (% of GDP)
89.4 (2018)
Currency (Period Average)
Panamanian Balboa
1per US$ (2019)
Political System
Republic
Sources: CIA World Factbook, Encyclopædia Britannica, IMF, Pew Research Center, United Nations, World Bank
Panama