Hong Kong box volume slumps 4pc in November
HONG Kong's container volume continued on its downward trend by falling 4 per cent in November to 1
HONG Kong's container volume continued on its downward trend by falling 4 per cent in November to 1.68 million TEU compared to 1.76 million TEU in the same month last year, according to statistics from the Hong Kong Maritime and Port Board.
Most of Hong Kong's volume is from the container terminals at Kwai Tsing that handled 1.33 million boxes in November, down 1.7 per cent over the same month last year. Boxes handled by the other terminals in Hong Kong took a dive by falling 11.7 per cent to 360,000 TEU compared to 408,000 TEU in November 2017.
In the first 11 months of this year, the port handled a total of 17.96 million TEU, down 5.4 per cent over the same period last year. The 11-month volume at Kwai Tsing terminals came up to 14.16 million TEU, a decrease of 4.9 per cent year on year, while throughput for non-Kwai Tsing terminals was at 3.8 million TEU, down 7.9 per cent.