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.
Port of Hong Kong
Port of Hong Kong
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
16 Dec 2014
Cosco Pacific, the port operating arm of China’s largest shipping company, has growth its throughput by 10 percent from January through November this year, a reflection of strong export volumes that kept its terminals busy during the second half.
12 Dec 2014
One of the effects of larger vessels being deployed is that transshipment hubs will see fewer vessels making calls, but they will stay for longer and generate more container volume, a trend that is becoming more evident in Hong Kong.
09 Dec 2014
Almost half the container vessels arriving at the Asian ports of Ho Chi Minh City, Manila and Nhava Sheva between Oct. 15 and Nov. 15 were delayed more than 12 hours, and one third of the arriving ships faced delays of more than 24 hours, CargoSmart has found.
08 Dec 2014
Hong Kong’s long-discussed container terminal 10 may finally be axed after the latest port master plan study found that throughput growth had slowed to such a degree that it was not financially or economically viable.
08 Dec 2014
Foreign container throughput at Pearl River Delta ports grew 12.8 percent in November, the highest monthly growth in more than two years and putting, according to data reported by Citi Research on Monday.
04 Dec 2014
Hong Kong’s rapid transition into a transshipment hub has been driven in part by the high cost of exporting South China containers through the port compared to neighbouring Shenzhen, but losing direct export cargo removes a key revenue source for shipping lines.
02 Dec 2014
The critical levels of congestion frustrating shippers and carriers in Hong Kong has lent an urgency to the findings of a government study recommending more land being made available to cope with growing transshipment volumes, increased barge traffic and a shortage of yard space in the port.
28 Nov 2014
There will be no speedy solution to the congestion that is creating bottlenecks at ports around the world as terminals battle to cope with growing trade and surges in container volume.
17 Nov 2014
Hong Kong’s container volumes continued to fall, down 3.5 percent in October and the fourth straight month the transshipment hub has recorded declining throughput.