Growth slows at Port of Hong Kong

After five months of vigorous volume growth during the first five months of the year, box throughput grew just 0.2% in June.

Throughput at the Kwai Tsing terminals increased by 3.9% to 1.32m teu, but midstream operations saw throughput fall 12.1% to 340,000 teu, for a total of 1.66m teu, compare to 1.659m teu in June 2016.

For the six months from January to June, at 10.19m teu, the port still shows an upward trend of 10.1%.

In June, Singapore saw its box volumes grow 8.5% to 2.82m teu, compared to 2.6m teu in June 2016. In the first six months of 2017, Singapore has handled 16.14m teu, reflecting growth of 6.3%.

Shanghai handled 3.4m teu in June, an increase of 8.3% compared to the 3.14 m teu it moved in June 2016. From January to June Shanghai port handled 19.6m teu, an increase of 9.6% compared to the 17.89m teu it moved in the first half of 2016.

Cosco Shipping Ports recorded 14% growth in June, primarily off the back of its overseas operations where growth of more than 30% was posted as throughput hit 1.5m teu, compare to 1.1m teu last year. In the Pearl Rive Delta facilities volumes rose 13% to 2.3m teu, from 2m teu in June 2016.

Ports on the Southeast and Southwest coasts grew 15% and 30% to 454,500 teu and 113,700 teu. Finally, the Yangtze River Delta region booted throughput by 7% to 1.7m teu from 1.6m teu last year. The Bohai Rim facilities grew just 4% to 1.4m teu.

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