Throughput at the Port of Hong Kong fell in August, the first time the port failed to register box volume growth since January.
Box volumes continued to grow at the Kwai Tsing terminals throughout August, up 3.5% to 1.34m teu. But containers handled by the barging operations mid-stream fell off 15.5% from a year earlier, handling just 420,000 teu. The result was an overall fall in volumes in Hong Kong of 1.7% as the port processed 1.76m teu, compared to 1.79m teu in August 2016.
Meanwhile, Hong Kong-listed Cosco Shipping Ports fared better with its geographically mixed portfolio of container facilities. Overall throughput grew 13% to 7.7m teu, led by its overseas terminals where volumes increased 40% to 1.6m teu from 1.1m teu in August 2016.
On the Chinese mainland growth was led by CSP facilities on the Pearl Rive Delta where growth was 10% higher at 2.4m teu and volumes increased 6% to 1.7m teu along the Yangtze River Delta.
CSP ports in the Bohai Rim region fared less well with a 3% increase in volumes to 1.4m teu. On the Southeast coast recent acquisitions saw volumes swell 11% to 468,500 teu and on the Southwest coast edged up 20% to 121,700 teu.
August throughput at the port of Singapore grew 10.1% to 2.95m teu from 2.88m teu.
During the same period, the world’s busiest container port of Shanghai gained an increase in volumes of 4.5% to 3.46m teu, compared with 3.31m teu in August 2016