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Hong Kong port May throughput slides 13%

Hong Kong port's slumping trade continued in May with throughput falling 12.7% overall to 1.74m teu from 1.99m teu in May 2014.

Vincent Wee, Hong Kong and South East Asia Correspondent

June 18, 2015

1 Min Read
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This is also feeding into the weakening outlook for the year as the continuous slide right from the beginning of the year has caused the year-to-date throughput to be 9.4% lower at just 8.36m teu compared to the first five months of last year.

At the individual terminals, volumes at the main Kwai Tsing terminals fell 11.6% 1.38m teu from 1.56m teu in the same month last year, and barely rose from 1.37m teu the month before.

The mainly feeder, non-Kwai Tsing terminals saw a 16.3% drop in volume to 360,000 teu from 430,000 teu in the previous corresponding period.

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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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