No let-up in growth at Singapore and Hong Kong
Singapore and Hong Kong, Asia’s two largest container ports, continued to increase cargo volumes in the first 10 months of the year.
The port of Singapore moved 17.1 million TEUs in the January-October period, an increase of 14.3 percent over 15 million TEUs in the same 10-month period in 2003.
Hong Kong raised its container throughput 9.1 percent to 18.3 million TEUs in the first 10 months.
In October, Hong Kong handled 1.3 million TEUs at its Kwai Chung terminals, a 22 percent increase over the year-earlier period. Hong Kong’s other terminals and midstream operations moved about 724,000 TEUs in October, a decrease of 3 percent. Overall throughput for October was 2 million TEUs, up 11 percent on the same month a year earlier.