Hong Kong Port loses more than a million boxes in a year

The Port of Hong Kong handled 18.364m teu in 2019, down 6.3% compared to 2018. The figure equates to a loss of 1.232m teu over the 12 month period, and will be a severe blow to the ambitions of the recently formed Hong Kong Seaport Alliance.

 

Qingdao Port’s declaration in December that it had breached 20m teu, already determined that Hong Kong would fall to 8th place at the end of 2019.

 

In December the port handled 1.579m teu, down 5.7% from the December 2018 figure of 1.674m teu. Drilling down into the numbers the Kwai Tsing Terminal handled 1.194m teu in December, a fall of 9% compared to a year ago. Containers handled by the midstream operators during the last month of the year actually increased by 6.3% to 385,000 teu.

 

The announcement that heralded the Hong Kong Seaport Alliance in January 2019, and its subsequent implementation in April of that year appears to have done little to slow the chronic decline at a port that held first place through most of the 1990s.

 

By contrast, throughput at Singapore increased 1.6% to 36.9m teu in 2019. The Port of Shanghai, meanwhile has extended its lead as the world busiest container port after recording throughput of 43.3m teu for 2019, its tenth year at the top of the container port league.

 

Source:hongkongmaritimehub

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