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Thursday, October 27, 2016

Hong Kong Port Losing Ground to Shenzen

November 21, 2012

HK Container Port Road:Photo credit Wiki Baycrest CC-BY-SA-2.5

HK Container Port Road:Photo credit Wiki Baycrest CC-BY-SA-2.5

In China's container terminal league table Shenzhen is overhauling HK, Dalian is the fastest growing & Yingkou vaults into top 25.

Shanghai is still ahead of Singapore for top spot in the world – by some half a million boxes in the first three quarters – 24.2m teu versus 23.7m.

Hong Kong, until 2005 the busiest boxport in the world, is likely to relinquish third spot to Shenzhen this year based on numbers from Alphaliner as reported by SinoShip news.

Hong Kong volumes dropped 3.9% in the first nine months, making it the worst performer in the list, while nearby Shenzhen has seen growth of 3.1%.

Also of note is the rapid rise of Yingkou, which on the basis of the first nine months of this year, has crept into the top 25.

Chinese ports account for 11 of the top 25 ports in the world with Dalian the strongest grower, clocking a whopping 26.2% growth to jump to number 17 in the rankings.

Source: SinoShip News


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