Hong Kong divided on new terminal

Network overviews from major liner alliances point to continuous decline in connectivity for the Port of Hong Kong.

Last year, all the Chinese ports handled 16.97 Bt, having exceeded their 2022 volume by nearly 8%. Shanghai throughputs surged, Hong Kong saw a downfall.

“The management of the Red Sea crisis has alleviated concerns of sudden container price rises, providing a more predictable environment”

Valenciaport handled 784,095 containers in the first two months of the year, a growth of +9.97% compared to January-February 2023.

Xeneta data reveals that average spot market rates from China to Mexico have consistently surpassed long-term contract rates since April 2023.

Throughput was down 15% at HPH Trust’s terminals in Yantian and Hong Kong in H1 2023, at a time when CAPEX increased 49%.