Container turnover at Port of Hong Kong fell below 20 million TEU in 2016

Port of Hong KongThe container turnover at Port of Hong Kong decreased by 2.5% yoy in 2016, amounting to 19.58 million TEU. The negative result is far below from the estimates of the port authorities, which falling below the 20 million TEU barrier for the first time in more than a decade. The throughput in December was record high to 1.8 million TEU, which represent an increase of 14.3% yoy, but was not enough to compensate the bad start of the year. According to preliminary data, the transshipment of containers through Kwai Tsing container terminal, which is the largest in the port of Hong Kong, in the last year amounted to 15.2 million TEU, which is 2.4% yoy lower. The throughput of imported containers reached 7.91 million TEU (-1.4%), while exports amounted 7.3 million TEU (-3.4%). The container handling through other container terminals of the port totaled 4.38 million TEU in 2016, which represented a decrease of 2.8% yoy.

The main Kwai Tsing terminals saw a 12.7% rise in throughput to 1.4 million TEU while the non-Kwai Tsing terminals handled 400,000 TEU in December, a rise of 20.2%.

At the end of 2015 the port of Hong Kong handled 20.11 million TEU, while the container handled at the container terminal Kwai Tsing was 15.57 million TEU.

Port of Hong Kong, located by the South China Sea, is a deepwater seaport dominated by trade in containerised manufactured products, and to a lesser extent raw materials and passengers.

The Kwai Tsing container terminals, located in the north-western part of the harbour, have nine container terminals with 24 berths of about 8,500 m of deep water frontage, including container yards and container freight stations covering 279 hectares. It has a total handling capacity of over 20 million TEU per year which helps maintain Hong Kong as a major port of Southern China.