HK port June throughput falls 5% to 1.7m teu

Container throughput at the Port of Hong Kong continued to slide in June, falling 4.5% overall to 1.67m teu, although this was the slowest pace of decline so far this year.

In fact, volumes at the main Kwai Tsing terminals actually rose slightly for the first time since January, rising 0.7% to 1.33m teu from 1.32m teu in June 2017.

The non-Kwai Tsing terminals however saw throughput plunge 20.5% to 340,000 teu from 428,000 teu previously.

For the first half however the performance seems to have evened out over the longer time frame, with overall throughput falling 3.6% to 9.89m teu while the number of boxes moving through the Kwai Tsing terminals fell 3.5% to 7.76m teu. Meanwhile the huge spike in January figures balanced off double digit falls in some of the other months during the first six months of 2018 to show an overall drop of 3.7% to 2.13m teu.

With the high season coming over the next few months and an imminent US-China trade war, future container flows remain somewhat tenuous.

Read More: World trade outlook positive despite trade war threat

Posted 17 July 2018

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Vincent Wee

Asia Editor, Seatrade Maritime News

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