Container turnover at Port of Hong Kong decreased by 10.4% yoy in Q1 2016

Port of Hong KongThe container turnover at Port of Hong Kong decreased by 10.4% yoy in Q1 2016, amounting to 4.41 million TEU. The drop of container throughput in the port is mostly due to economic slowdown of China, as well as volatility of the world trade. The largest container terminal in the port continue to be Kwai Tsing, which has more than 80% from the all container handling. The turnover of Kwai Tsing reached reached 3.43 million TEU, including transshipment. The result is 11.9% lower in comparison with the same period last year. The import of container in the terminal amounted to 1.76 million TEU (-12.3%), while export reached 1.67 million TEU (-11.5%).

The turnover of the other terminals at Port of Hong Kong amounted to 0.98 million TEU in Q1 2016, which represent a decrease of 4.7% yoy.

Port of Hong Kong is located by the South China Sea. It is a deepwater seaport dominated by trade in containerized manufactured products, and to a lesser extent raw materials and passengers. Port of Hong Kong is one of the busiest ports in the world, in the three categories of shipping movements, cargo handled and passengers carried. At the end of 2015 the port of Hong Kong handled 20.11 million TEU. The largest terminal of the port is Kwai Tsing, which turnover in 2015 reached 15.57 million TEU.