Hong Kong port throughput accelerates slide in March

The Port of Hong Kong quickly succumbed to the post Lunar New Year slump, with throughput slumping 7.4% overall to 1.6m teu in March from 1.7m teu in the previous corresponding period.

The slide at the main Kwai Tsing terminals was even more marked, dropping 10% to 1.2m teu from 1.4m teu in the previous corresponding period.

The overall numbers were made up for slightly by a small 3% increase in the non-Kwai Tsing operators throughput to 350,000 teu from 340,000 teu previously. These volumes however make up a small proportion of overall Hong Kong port throughput and are subject to seasonal variability.

While March figures were higher than February’s on a month-on-month basis, these overall figures are subject to seasonal factors. Overall throughput in February was just 1.4m teu, although even this was a 6% drop from the 1.5m teu moved in February 2017.

The declining factor among Hong Kong port figures looks set to continue as broader container trade consolidation trends make an impact on the traditional transshipment hubs.

Posted 17 April 2018

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Vincent Wee

Asia Editor, Seatrade Maritime News

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