Container turnover of Port of Hong Kong increased in January 2017

Port of Hong KongThe container turnover of Port of Hong Kong increased by 3.5% yoy in January 2017, amounting to 1.7 million TEU, according to the preliminary report of the port authorities. The container traffic through the main container terminals in Kwai Tsing District increased by 3.5% yoy to 1.33 million TEU, while the traffic through the other port terminals rose by 3.3% yoy to 0.400 million TEU. The largest growth was reported in outward traffic of laden container, which increased during the first month of the year significantly and compensated the decrease in transshipment of empty containers.

The turnover of goods via Hong Kong port began to grow in August 2016 after more than two years of continuous decline. The traffic growth in the second half allowed the port handled for the year 19.6 million TEU and close the gap with a total of 2015 to just 2.2%. The number of visits ocean vessels decreased by almost 5%, barges – by 0.5%.

The 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 Port of Hong Kong is the world’s fifth largest container terminal handling 20.073 million TEU anually. A key factor in the economic development of Hong Kong, the natural shelter and deep waters of Victoria Harbour provide ideal conditions for berthing and the handling of all types of vessels.