The port of Hong Kong reached a dismal milestone in June, posting its 12th consecutive monthly decline in throughput for the first time, handling just shy of 13 percent fewer containers than in the same month last year.
Port of Hong Kong
Port of Hong Kong
07 Jul 2015
Hong Kong’s container throughput could halve in the next decade as a host of factors begin to stack up against the port that has seen a steady decline in volumes over the past year.
22 Jun 2015
Container terminals in Hong Kong have joined Maersk Line in calling for the territory’s government to address competition law concerns that threaten to make the liner business illegal from next year.
15 Jun 2015
It seems nothing can stop the slide in Hong Kong container traffic as the port reported its 11th consecutive month of declining throughput growth in May with volumes falling 12.7 percent year-over-year.
11 Jun 2015
The Hong Kong government this week said it would move forward with plans to expand container capacity at its Kwai Tsing Container Terminals. But move is unlikely to mollify critics who say the investment is too little too late to maintain the port’s market share of Pearl River Delta traffic.
27 Mar 2015
OOCL and Yang Ming Line have expanded their joint China-Pakistan Express (CPX) Service by adding a direct call at Adani Hazira Container Terminal, a private facility in West India, starting in mid-April.
19 Mar 2015
The formidable challenges facing Hong Kong port were perfectly captured in the above illustration that was presented with OOCL’s 2014 financial results recently. Few, if any, ports around the world have had to cope with such a thorough change in cargo mix over a relatively short period.
18 Mar 2015
A bill requiring ocean going ships to switch to low sulfur fuel while at berth in Hong Kong was tabled at the Legislative Council today and, if passed, will effectively raise the cost of shipping containers through the city even as it steadily loses market share to Shenzhen.
17 Feb 2015
Hopes of a pre-Chinese New Year container volume surge through Hong Kong port were firmly dashed as the January data showed the transshipment hub actually saw a year-over-year decline of 6.1 percent during the first month.
27 Jan 2015
The sharply divergent fortunes of the air and ocean cargo sectors in Hong Kong are illustrated in a chart from CBRE Research on container and air freight throughput during 2014.
19 Jan 2015
Hong Kong port ended a year it would rather forget with annual container throughput falling for a third consecutive time, registering 22.2 million TEUs in 2014 that was down 0.3 percent on the previous year's numbers.
06 Jan 2015
Hong Kong’s container terminals must be some of the most examined pieces of real estate in Asia, yet despite the government sponsored studies, industry reports and consultancy papers, the port’s future is no clearer than it was 11 years ago when the first master plan was published