Hong Kong Port container volume grew 5.7 percent in January, a much slower growth rate than the average for 2010, indicating the massive recovery is gradually running out of steam.
According to the latest figures supplied by the Hong Kong Port development Council, Hong Kong Port handled 2.1 million 20-foot equivalent units in January, up from January 2010's 1.99 million TEUs.
By The Numbers: Container Rate Benchmark
In 2010, Hong Kong retained its place as the world's third busiest port as throughput grew 12.2 percent to 23.61 million TEUs.
By the fourth quarter, growth rates began to decline when the port handled just 6.1 million TEUs and registered growth of 9 percent year-on-year.
In 2010, the number of ocean vessel arrivals fell 2 percent compared with 2009 to 32,650. But the total combined capacity of the ships was up 6 percent to 401.8 million gross tons.