Busan to Knock Hong Kong From Top Five Port Spot


Bloomberg has suggested that Hong Kong may lose its ranking as the world’s fifth-busiest container port after its container volumes dropped for a second straight month in November last year (2017).

Port authority statistics have shown that Hong Kong was the only container port among the world’s top five to report weaker traffic.

In a report on its website, Bloomberg Intelligence’s analyst Rahul Kapoor said that South Korea’s Busan, ranked sixth, has narrowed the gap and is set to overtake Hong Kong on an annual basis in 2018.

'Qingdao Terminal: Fully Automated to Welcome Megaships', a technical paper by Mark Welles, Navis, and Li Yongcui; General Manager Assistant, QQCTN, has focused on the construction of China's first fully automated terminal

Until 2004, Hong Kong was the world’s busiest container port as it served as a conduit for cargo moving in and out of China.

Hong Kong handled 18.97 million TEU in the first 11 months of 2017, 6.4% more than a year earlier.

Shanghai, the largest port complex in the world, registered an 8.3% increase, but the second largest, Singapore, came in with the highest growth at 9.1%.

Read more: Shanghai International Port Group (SIPG) has reported that Shanghai Port has surpassed an annual handling capacity of 40 million TEU

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