GIVEN Hong Kong's chronic cargo growth decline, greater weight is being given to scrapping plans to build Container Terminal 10 (CT10), according to the latest port master plan.
The Kwai Tsing terminals have grown all year, but there has been a steady decline in year-on-year volume growth since June, notes Newark's Journal of Commerce, with the port master plan expecting 1.5 per cent annual growth to 2030 to 31.5 million TEU.
Back in 2000, when Hong Kong was the world's top container port, CT10 seemed like a better idea, but today few if any support it.
A recent study, commissioned by the Hong Kong Government, said: "Given that adequate capacity can be provided by increasing the utilisation of existing container handling facilities, and land around KTCT [Kwai Tsing container terminal], it is not recommended to pursue the planning of CT10 for operation prior to 2030."
The study also recommended better use of existing facilities at the River Trade Terminal and Stonecutters Island public container working area, additional barge berths, improved land use around the container port, and more co-coordinated development and marketing activity.
"With these measures it is forecast that the existing infrastructure can be augmented to meet future demand forecasts up to 2030 without the need for creation of new terminal from scratch." it said.
WORLD SHIPPING
10 December 2014 - 21:49
Growth slump kills hope of reviving Hong Kong's CT10 box shop plan
GIVEN Hong Kong's chronic cargo growth decline, greater weight is being given to scrapping plans to build Container Terminal 10 (CT10), according to the latest port master plan.
WORLD SHIPPING
10 December 2014 - 21:49
Growth slump kills hope of reviving Hong Kong's CT10 box shop plan
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