CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Container Throughput Hits 24.5m TEUs In HK

Container Throughput Hits 24.5m TEUs In HK

by Mary Swire, Tax-News.com, Hong Kong

24 April 2009


Hong Kong port's container throughput has grown at 4% a year on average from 2003 to 2008, reaching 24.5 million twenty-foot equivalent units (TEUs) last year and making the city the world's third busiest container port for the year, the region's Census and Statistics Department has announced.

According to the department's analysis published on April 21, laden container movements between Hong Kong and the Mainland had the largest share - 36% last year, up from 34% in 2003.

About 71% of these were between Hong Kong and the Pearl River Delta ports, reflecting the close economic relations between the city and the region.

Seaborne container throughput rose from 14.5 million TEUs in 2003, to 17.1 million TEUs in 2008, with an average annual growth rate of 3%. River container throughput grew at 5% a year on average, from 5.9 million TEUs in 2003 to 7.4 million TEUs in 2008.

Over the same period, laden transhipment containers rose from 8.5 million to 12.8 million TEUs, growing at an average annual rate of 8%. However, laden containers for direct shipment fell from 8 million to 7.5 million TEUs. Transhipment took up 63% of laden containers last year, up from 52% in 2003.

Of the commodities carried last year, 44% were manufactured goods, followed by machinery and transport equipment (19%) and chemicals and related products (15%).

For inward laden containers, 45% were loaded in the Mainland. Of them, 65% were from Pearl River Delta ports including Shenzhen (21%) and Guangzhou (16%).

About 28% of outward laden containers were discharged in the Mainland, with 80% being handled by delta ports including Guangzhou (26%) and Foshan, Nanhai and Shunde (23%).


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »