As a higher base effect started to kick in, throughput at the port of Hong Kong slowed dramatically in June, with overall volumes almost flat at 1.66m teu and rising by just a couple of tens of thousands of containers from the previous corresponding period.
Despite hoping for the best, the realignment in the container shipping industry in the last few months and the resulting intense competition has resulted in Westports Holdings' volumes falling 3% to 3.95m teu from January to May, the port operator said in a stock market announcement.
The Port of Rotterdam has announced it saw freight volumes fall by 1.1% to 461.2mn tonnes in 2016, with much of the fall largely attributed to dry bulk such as ores and coal.
Despite a late push bringing a 14.3% rise in throughput to 1.8m teu, to produce the best monthly growth of the year in December the Port of Hong Kong, still saw annual volumes fall 2.5% to 19.6m teu for 2016, as projected bringing its first sub-20m teu annual throughput in over a decade.
The Port of Hong Kong saw its second consecutive month of throughput increases in November, with the number of containers handled rising 10.1% to 1.76m teu but once again off a low base of 1.60m teu in the previous corresponding period. This however just about brings it back on par with the level achieved in November 2014 of 1.78m teu and essentially constitutes a normalisation of the annualised figures.
Container volumes at Latin American and the Caribbean ports declined by 2.9% during the first six months of 2016, according to a report by the UN’s Economic Commission on Latin America and the Caribbean (ECLAC).