Port of Hong Kong records 16 consecutive months of declining volumes

The Port of Hong Kong clocked up its 16th consecutive month of declining box volumes in April.

The Kwai Tsing terminals accounted for 1.215m teu, recording a 5.2% drop in box throughput, as midstream volumes increased by 6.5% to 340,000 teu, resulting in a 2.9% drop overall at the Port of Hong Kong.

The cumulative total of containers handled at Hong Kong during the first four months of 2019 is 5.994 m teu, equating to fall of 7.6% on the 2018 Q1 figure of 6.489m teu.

By contrast the Port of Singapore clocked up April box volumes of 2.99m teu, an increase of 2.4%.

Four of Hong Kong’s terminal operators – Modern Terminals, HIT, Cosco-HIT, and Asia Container Terminals – began to implement the Hong Kong Seaport Alliance on April 1, a rear guard action to halt the decline in box volumes at the port, and with an ambition to reclaim 2m teu from rivals by 2020.

 

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