Hong Kong box throughput slips as RTT targeted for redevelopment

After a strong start in the first month of 2017, when throughput grew 9%, Hong Kong Port, impacted by the Chinese New Year, handled 1.403m teu in February to record a 5.7% reduction, compared to 1.487m teu a year previously.

Of the total, February throughput at the Kwai Tsing terminals reached 1.133m teu, down 0.3% on the year ago total. Mid-stream operators were most severely hit, handling just 270,000 boxes, down 23.1% compared to February 2017.

The River Trade Terminal, 50:50 joint venture between Hutchison Port Holdings and Sun Hun Kai Properties, in Hong Kong’s northwest, which does not form part of the main Kwai Tsing Terminals has recently come to the attention of a government Task Force on Land Supply as a possible site for badly needed housing in the territory.

The task force maintains that the 65-hectare, 49-berth site is underused and the facility is operating at just 24% capacity.

The task force chairman, Stanley Wong Yuen-fai said: “The terminal only handles about 3% of Hong Kong’s total container throughput, which means other port or terminal facilities should be able to absorb its shipment volume. We believe it has considerable potential to be developed for other uses.”

The cumulative total of boxes handled at Hong Kong Port in 2018 stands at 3.217m teu, up 2.2% compared to the same period in 2017.

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