Decline in throughput at Hong Kong Port deepens

HIT Terminal

The most recent figures from Hong Kong Port show a deepening year-on-year decline in box volumes handled.

In April Hong Kong Port handled 1.632m teu, a 9.3% fall in traffic compared to April 2017.

Drilling down, the Kwai Tsing terminals saw a throughput of 1.282m teu, 7% lower than the number processed a year earlier. Midstream operations handled 350,000 teu, a decline of 16.7% compared to April 2017.

The cumulative figure for the first four months of 2018 stands at 6.494 teu reflecting a fall in box volumes of 2.8% compared with the first four months of 2017.

Hong Kong-listed Cosco Shipping Ports, wit its benefit of a wide geographical spread fared better notching up a 13% increase in box volumes across its various facilities where it handled 8.1m teu during April.

The most dynamic of CSP’s facilities were to be seen in the Bohai Rim region where volumes grew 24%, as the overseas terminals forged ahead with a 35% increase to top 2.1m teu in April.

Terminals on the Yangtze River Delta edged up just 1 to 1.7m teu after a steep decline in March of 8%.

The Southeast Coast region also witnessed strong growth at 24% to 475,900 teu prompted by steep increases of 74% and 22% to 165,900 teu and 140,700 teu at Xiamen Ocean Gate Container Terminal and Quan Zhou Pacific Container Terminal respectively.

Over on the Southwest Coast, Guangxi Qinzhou International Container Terminal notched up a 6% in crease in throughput to 113,900 teu for April.

CSP’s terminals in Southern China and Hong Kong fared the worse with volumes stagnant apart from a 4% rise in volumes at the Guangzhou terminals.

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