Hong Kong port May throughput slides 13%

Hong Kong port’s slumping trade continued in May with throughput falling 12.7% overall to 1.74 million TEU from 1.99 million TEU in May 2014.

This is also feeding into the weakening outlook for the year as the continuous slide right from the beginning of the year has caused the year-to-date throughput to be 9.4% lower at just 8.36m teu compared to the first five months of last year.

At the individual terminals, volumes at the main Kwai Tsing terminals fell 11.6% 1.38 million TEU from 1.56 million TEU in the same month last year, and barely rose from 1.37 million TEU the month before.

The mainly feeder, non-Kwai Tsing terminals saw a 16.3% drop in volume to 360,000 TEU from 430,000 TEU in the previous corresponding period.

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