The container turnover of the port of Hong Kong increased by 12.6% yoy in the first three months of 2017 after the delaying start of the year. In March the port handled 1.77 million TEU, which is 17% more than an year ago, while in February the growth in volumes was 26% and in January the growth was only 3.6%. The traffic through the main container terminals of the deepwater area of Kwai Tsing grew by 18% to 1.39 million TEU, while the other terminals at the port of Hong Kong increased volumes by 12.6% to 0.38 million TEU. The largest growth was reported in outward traffic of laden container, which increased during the reported period, reflecting to growing Asian trade and economy.
Freight through the port of Hong Kong began to grow in August last year after more than two years of continuous decline. The growth of traffic in the second half of the year allowed the port to transship 19.8 million TEU in 2016, reducing the gap from 2015 to just 1.3%.
Port of Hong Kong is located by the South China Sea. It is a deepwater seaport dominated by trade in containerised manufactured products, and to a lesser extent raw materials and passengers. A key factor in the economic development of Hong Kong, the natural shelter and deep waters of Victoria Harbour, which provide ideal conditions for berthing and the handling of all types of vessels. It is one of the busiest ports in the world, in the three categories of shipping movements, cargo handled and passengers carried.