Hong Kong throughput up for fourth month in a row

HIT Terminals

The Port of Hong Kong has witnessed a late resurgence in box throughput, handling 1.76m containers in November for a 10.1% increase compared to the same month in 2015.

Growth in container throughput began to turn from negative to positive in August when the port recorded a 5.1% increase compared to the same period in 2015. The best month was October when throughput grew 12.4% as the port handled 1.66m teu.

But cumulatively Hong Kong has handled fewer containers in the first 11 months of the year than it did in 2015. At 17.75m teu throughput has fallen 4% compared to this time last year.

The adverse impact on South Korea’s Busan Port caused by the collapse of Hanjin Shipping means that Hong Kong, against expectations, may retain fifth place amongst the world’s busiest container ports come the end of the year.

From 1 January to end-November throughput at the Kwai Tsing terminals has fallen 3.7% for a total 13.80m teu. During the same period throughput outside the main terminals has fallen 5.1% to 3.95m teu.

Meanwhile, Singapore port has experienced similar trends, if less acute, as those experienced in Hong Kong. In November Singapore notched up 2.57m teu, 7.1% growth compared to November 2015. But cumulatively at 28.14m teu box volumes are down 1% on last year’s figures.

The port of Shanghai, on the other hand, looks set to pass another milestone having recorded an 11-month total of 34.04m teu in November. Shanghai was the world’s busiest container port in the world in 2015 with a total throughput of 36,54m teu.

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