22-08-2018

Hong Kong July container volume drops nearly 8pc to 1.6 million TEU

HONG KONG container volume continued its decline in July, falling 7.9 per cent to 1.64 million TEU compared to the same month last year when throughput totalled 1.78 million TEU, according to the Hong Kong Maritime Port Board.

Throughput at main Kwai Tsing terminals declined 8.1 per cent to 1.29 million TEU from 1.41 million TEU in July 2017.

Elsewhere in the Port of Hong Kong throughput fell 6.9 per cent to 350,000 TEU year on year, but was up by 10,000 TEU compared to the previous month.

The container turnover of the port of Hong Kong declined 4.4 per cent year on year to 11.49 million TEU in the first seven months of 2018.

With the high season coming over the next few months and the prospect of a Sino-US trade war, future container traffic appears uncertain.

Source: Schednet

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