7.4 C
London
Friday, February 28, 2020
Home Port News Hong Kong suffers decline in box traffic

Hong Kong suffers decline in box traffic

Container throughput at the port of Hong Kong amounted to 1.579 million TEUs in December 2019, down 5.7% from the same month in 2018, representing a decline for 23 consecutive months.

Containers handled at Kwai Tsing Container Terminals accounted for 1.194 million TEUs, down 0.9%, suffering a year-on-year decrease for 18 months running. Meanwhile, the remaining 385,000 TEUs were processed in midstream operations and at the River Trade Terminal, up 6.3%, enjoying a year-on-year improvement for two months running.

The 2019 figures totaled 14.22 million TEUs, down 6.3% from the previous year. The Kwai Tsing Terminals handled 14.22 million TEUs, down 8.1% from a year earlier and mid-streaming volumes rose slightly by 0.5% on year to 4.144 million TEUs in 2019.

- Advertisment -your ad here

Latest Posts

The Daily MABUX Bunker Index – 28 February

VLSFO and MGO saw a significant decline of US$19/tonne and US$13.31/tonne, respectively. Some regions recorded huge drops, such as South Europe (US$23.5/tonne in VSFO...

Hapag-Lloyd increases prices from North Europe

Hapag-Lloyd announces an increased Ocean Tariff rate for all cargoes for 20’ and 40’ General Purpose (incl. High Cube Container) as well as 20’...

OOCL withdraws several Asia-Europe sailings

In response to the expected low demand in the market, OOCL announces the withdrawal of the following Asia-Europe sailings that are in addition to...

Wan Hai and Interasia launch southern China-Southeast Asia service

Wan Hai Lines of Taiwan and Japanese intra-Asia carrier Interasia Lines will launch a new service that connects the Pearl River Delta ports with...

CMA CGM applies fresh rates from Asia

CMA CGM applies new Freight All Kinds (FAK) rates as follows as from 1 April 2020 (date of loading in the origin ports) until...