PRELIMINARY figures from the Hong Kong Marine Department show that container throughput at the Port of Hong Kong fell again in August for the seventh month in a row to 1.64 million TEU, 4.3 per cent lower than the 1.72 million TEU moved in the same month last year.
For the year to date, the cumulative slowdown in pace is starting to drag, with overall throughput also down 4.3 per cent to 13.16 million TEU compared to the first eight months of 2017.
The main Kwai Tsing terminals saw throughput down by 3.9 per cent in August to 1.29 million TEU from 1.34 million TEU in August 2017, which was also a slower pace of decline than the preceding month, when throughput fell 8.1 per cent in July.
The non-Kwai Tsing terminals saw a slightly steeper fall of 5.7 per cent to 355,000 TEU. For the year-to-date, non-Kwai Tsing throughput fell 4.9 per cent to 2.82 million TEU. With the inclement weather seen in September, it's unlikely that midstream operators will see any improvement in container throughput, reports Seatrade Maritime News, Colchester, UK.
Source: SchednetPrevious Next
Huge Opportunities For Investment in Maritime Sector: Nitin Gadkari
India Shipping and Offshore Summit