HK Port volume drops to 1.75m TEU

HK Port volume drops to 1.75m TEU 

The Port of Hong Kong continued to see container throughput slide in November, with the decline, which began in October accelerating to 3.6% with 1.75 million TEU moved compared to the 1.81 million TEU that passed through the port in the previous corresponding period.

The main Kwai Tsing terminals saw volume fall 1.6% to 1.35 million TEU from 1.37 million TEU previously while at the non-Kwai Tsing terminals throughput plunged 9.7% to just 400,000 TEU from 443,000 TEU in November 2016.

For the year-to-date, throughput amounted to 18.97 million TEU, making it look likely that the Port of Hong Kong will not only have another sub-20 million TEU year but quite possibly see annual volumes even drop below last year’s 19.81 million TEU if December turns out to be a slower-than-expected month.    

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