Hong Kong port back to fifth in the world

Author:Nissen
Source:www.port.org
Release Date:2016-07-22

According to the center for forecasting science Chinese Academy of Sciences announced, 10 container ports in the world in the first half of this year, there are 7 in china, including Shanghai,Shenzhen, Ningbo-Zhoushan, HongKong, Qingdao, Guangzhou,Hong Kong and tianjin port. Shanghai estimated annual container throughput up to 3700 to 27.2 million TEUs, an increase of 1.2% to 1.7%, will continue to be the world's largest container port.

Hong Kong's maritime port authority data show june annual container throughput of the port of Hong Kong fekk 8.6% to 1.612 million TEUs, and falling for 24 consecutive months. Today the first half of this year, Hong Kong container throughput fell 10.5% to 9.161 million boxes, the fifth largest in the world. According to this calculation, the annual container throughtput in Hong Kong is likely to below 20 minloin TEts kowest snce 2002.Korea bushan ebtrept in transition in HongKong, will be a serious threat to Hong Kong's develpment.

May Hong Kong container throughput over, among the world's fifth largest port of Qingdao Port, June container throughput rose 2.22% to 1.526 million boxes, the first half rose 4% to 8,932,100 boxes, behind Hong Kong nearly 230,000 TEUs , dropped to sixth in the world.

However, data show that over the past 13 years, Hong Kong's container throughput were more than 20million Teus last year's, has dropped to a critical poin 20.073 million TEUs,if the first half of this year, container throughput of about 18.32 million boxes, the lowest recor since 2002.

According to South Korea Ministry of Maritime Affairs and Fisheries issued a strategic plan, by 2020, the port of Busan, South Korea will become the world's second-largest construction entrepot, replacing Hong Kong, and the challenge of guarding the world's first re-exports Hong Kong, Hong Kong and Singapore. Busan port container throughput is estimated that this year will target more than 20 million Teus.

Hong Kong Shipper's Council Executive Director Heli ji said:"Busan to re-export mainly to compete with Hong Kong's business scope includes a hub port, due to the depreciation of the won, also led wharfage costs decline." Turning off the Brritish European and Euro when a weak influence on Hong Kong's exports, Heli Ji said:"the impact to be evaluated, because the earlier trade agreement, it does not affect the status quo, but the euro and the pound fell, the impact of their consumption and economic growth Heli Ji believes that the government can help develop more. export market for petrochemical plants has been developed to provide greater trade facilitation.

Hang Seng Management College Dean of Business School and professor of Finance Raymond So, said:"In the won depreciation, the increase in export volume in Busan, temporarily single little impact on Hong Kong, but in the tourism, service industries in Hong Kong and other soft and influential. If the future of Busan exports over Hong Kong, it is no surprising.