The port of Hong Kong continues its downward spiral with a 8% drop in March throughput to 1.52m teu, although the rate of decline has moderated from the 16% plunge in February, the weakest month so far.
For the first quarter, overall throughput fell 10.4% to 4.41m teu.
Volumes at the main Kwai Tsing terminals fell 9% in March to 1.17m teu while at the non-Kwai Tsing terminals throughput was down 4.3% to 350,000 teu.
The March figures for the Kwai Tsing terminals are a slight improvement from the 9.8% year-on-year drop seen in January, the previous nominally comparable month but the absolute values are still lower, with 1.29m teu moved in January and 1.17m teu handled in March.
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.