Under the two-year contract, which started July 1, GAC will handle more than 1,000 calls by Maersk Line and MCC vessels per year at all ports and terminals in Hong Kong.
Hong Kong ranked as the world’s fourth largest container port with a throughput of 22.3 million TEUs in 2014. In 2015, however, container throughput declined by double digits year-over-year in March alone. GAC noted the port’s handling capacity has been impacted by the increased deployment of ultra-large containerships and a rise in river barge traffic.
Thomas Okbo, GAC Hong Kong’s managing director, said he’s optimistic that Hong Kong’s container throughput will rebound soon.
“Hong Kong will continue to be one of the world’s thriving container ports,” Okbo said in a statement. “With enhanced port handling capacity, I expect the throughput to turn around, which will in turn boost the demand for our shipping services.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now