The Port of Hong Kong endured a 2.5% fall in year-on-year throughput in October.
The number of containers handled at the Kwai Tsing terminals fell 0.8% to 1.30m teu, compared to 1.31m teu in October 2017. Boxes handled by the mid-stream operators declined 8.8% to 330,000. Midstream operations accounted for 360,000 teu during the same period in 2017.
The cumulative total throughput in Hong Kong for the first ten months of the year is 16.3m teu, a drop of 5.4% compared to the same period in 2017.
Regional rivals Shanghai and Singapore fared better last month. In October, Shanghai Port handled 3.57m teu, up 5.3% from the 3.39m teu recorded a year earlier. But the cumulative figure for the year so far in Shanghai at 31.4m teu is down 5.6% compared to 33.5m achieved at this point last year.
The best port performer in October was the Port of Singapore. At 3.15m teu, volumes were up 6.4% compared to 2.96m teu a year ago. Cumulative total for the year so far stands at 30.45m teu, up 9.8% from 27.7m teu at this point in 2017.
The comparative figures between Shanghai and Singapore reflect a remarkable turnaround. In 2017 Shanghai finished the year with a total throughput of 40.3m teu compared to Singapore’s 33.67m teu. At this stage in 2018, the gap has been drastically reduced. The next two months will be intriguing viewing for port spotters.