Box throughput at the Port of Hong Kong tumbled 20.4% in January as supply chains originating from the Mainland collapsed in the face of the novel coronavirus which is wreaking havoc at the epicenter in Wuhan.
Hong Kong handled1.349m teu in January, compared to 1.695m teu during the same month in 2019. Drilling down to the site specific throughput, the Kwai Tsing terminals handled 1.124m teu in the period under review, 12.9%. Meanwhile midstream traffic saw throughput collapse, as it handled just 225,000 teu or 44.4% less than during the corresponding period last year.
Hong Kong-listed Cosco Shipping Ports revealed a mixed bag of throughput results for January 2020. The company’s share in terminals in the Bohai Rim grew 18.9%. By contrast throughput at the ports in the Yangtze River Delta fell nearly 26%. Throughput at Cosco Shipping Ports’ facilities in the Pearl River Delta fell 11.3%..
The Port of Hong Kong last saw a similar decline in monthly throughput when the port was struck by Typhoon Mangkhut in September 2018 when throughput fell 16.2% after the port was forced to close for six days.
Source:hongkongmaritimehub
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