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Hong Kong March volumes slide again, falling 8% to 1.5m teu

The port of Hong Kong continues its downward spiral with a 8% drop in March throughput to 1.52m teu, although the rate of decline has moderated from the 16% plunge in February, the weakest month so far.

Vincent Wee, Hong Kong and South East Asia Correspondent

April 18, 2016

1 Min Read
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For the first quarter, overall throughput fell 10.4% to 4.41m teu.

Volumes at the main Kwai Tsing terminals fell 9% in March to 1.17m teu while at the non-Kwai Tsing terminals throughput was down 4.3% to 350,000 teu.

The March figures for the Kwai Tsing terminals are a slight improvement from the 9.8% year-on-year drop seen in January, the previous nominally comparable month but the absolute values are still lower, with 1.29m teu moved in January and 1.17m teu handled in March.

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About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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