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Hong Kong port volumes fall for 7th straight month in August to 1.6m teu

Throughput at the Port of Hong Kong fell again in August for the seventh month in a row to 1.64m teu, 4.3% lower than the 1.72m teu moved in the previous corresponding period.

Vincent Wee, Hong Kong and South East Asia Correspondent

September 18, 2018

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For the year-to-date, the cumulative slowdown in pace is starting to drag, with overall throughput down 4.3% compared to the first eight months of 2017, with volume of 13.16m teu.

The main Kwai Tsing terminals saw fall 3.1% in August to 1.29m teu from 1.34m teu in August 2017, which was also a slower pace of decline than the preceding month, when throughput fell 8.1% in July.

Read More: MOL sets up logistics business in Hong Kong

The non-Kwai Tsing terminals saw a slightly steeper fall of 5.7% to 355,000 teu. A relatively high base in the high season third quarter months in 2017 will mean these midstream operators will likely continue to see drops in volume unless they pick up the pace. With the inclement weather seen in September, this seems unlikely. For the year-to-date, non-Kwai Tsing throughput fell 4.9% to 2.82m teu.

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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