Hong Kong has been hit by an accelerating decline in seaborne cargo volumes, as it loses out to rivals in mainland China and south-east Asia.
Container throughput in Hong Kong fell 14 per cent last year to 14.3mn twenty-foot equivalent units (TEUs), according to figures from maritime consultancy Drewry.
This was the biggest percentage drop among the world’s biggest ports last year. Hong Kong is now the 10th-largest port in the world by volume, Drewry figures show, closely followed by Malaysia’s Port Klang, where volumes rose 6.4 per cent last year.
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