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Hong Kong port container volumes decline 6.3% in 2019

Once the world’s largest container port Hong Kong volumes continued to decline last year by 6.3% to 18.36m teu.

In a year that saw the formation of the Seaport Alliance among the Kwai Tsing Terminal operators the move did apparently little to stem the fall in volumes with the Kwai Tsing Terminals handling 14.22m teu last year down from 15.47m teu. Mid-streaming volumes actually saw a marginal rise to 4.14m teu in 2019 from 4.12m teu a year earlier.

Hong Kong port has faced fierce competition from terminals in South China and container volumes have declined every year since 2011 when volumes were 24.38m teu, with the exception of 2017 when they moved back up to 20.77m teu.

The 2019 figures will see Hong Kong slipping to eighth in the global container port rankings behind Qingdao, which handled 19.2m in the first 11 months of last year.

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