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Shanghai port knocks Hong Kong off No2 spot

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Shenzhen expected to overtake the city by next year

Shanghai has overtaken Hong Kong as the world's second-busiest port behind Singapore, according to first-quarter throughput figures released by the Hong Kong Port Development Council, marking another drop down the rankings for the former No1.

The mainland port outstripped Hong Kong by 380,000 20-foot equivalent units (teu) in the first three months and is expected by analysts to remain ahead at the end of the year.

Hong Kong lost its position as the world's busiest port in 2005, when it was overtaken by Singapore. Within two years, the city has slipped behind Shanghai and is poised to fall further, with fast-growing Shenzhen port expected to overtake it next year.

'It won't take long. Shenzhen will outstrip Hong Kong as the third-largest port next year,' said Sunny Ho Lap-kee, executive director of the Hong Kong Shippers' Council.

Hong Kong port, including container terminals at Kwai Tsing, the river terminal and mid-stream services, handled 5.5 million teu in the first quarter, up 2.3 per cent over the same period last year. Shanghai moved 5.88 million teu, up 28 per cent. Shenzhen throughput rose 8.2 per cent to 4.26 million teu.

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