The port of Hong Kong holds top position in Hong Kong's maritime sector in terms of both total tonnage and container throughput, according to a recent report from Business Monitor International (BMI).
According to the ‘Hong Kong Shipping Report’, Hong Kong will demonstrate growth in 2014, after its 2013 performance suffered from a range of factors, including a 40-day strike, recession in the Eurozone, sluggish US growth, a slowing Chinese economy, and other factors.
Hong Kong’s tonnage throughput is forecast to grow 2% in 2014, with a medium-term projection of 13%; its container throughput is forecast to grow 3% in 2014, with an 11% increase projected over the medium term.
BMI also highlighted Hong Kong’s long-term expansion plans to ensure it remains among the world's top ports.
The report’s analysis comes on the back of rising demand for Chinese goods from the US and Europe.