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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.
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Kalyakan - stock.adobe.com
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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