Modest growth expected at Hong Kong airport in 2013

Passenger traffic grew 4.7 per cent last year. Photo: Jonathan Wong

Hong Kong International Airport expects to achieve modest traffic growth in 2013, after reporting slower passenger traffic growth last year than in 2011.

Monday, 14 January, 2013, 3:01am

December data raises eyebrows

Analysts say local authorities may have incentives to window-dress data amid an unusually bad trading environment. Photo: Reuters

Beijing's announcement of surprisingly good trade data for December has prompted more doubt than relief, since it contradicts several other indicators as well as figures from trading partners.

12 Jan 2013 - 4:02am

Hong Kong losing ground as major port, association head says

Hong Kong's port may be overtaken by Shenzhen. Photo: AFP

A raft of issues ranging from a lack of government support to a lack of facilities and new height restrictions in Kwai Chung are eroding Hong Kong's competitiveness as a top global port, a leading terminal executive has said.

28 Nov 2012 - 2:34am

Hong Kong set to lose No 3 port rank to Shenzhen

Shipping containers stacked at a port terminal in Hong Kong. Photo: AFP

Shenzhen is set to overtake Hong Kong as the world's third-busiest container port this year for the first time ever on an annual basis.

This comes as total box volumes through Shenzhen's four main facilities have continued to climb despite the downturn in global trade.

By comparison, volumes through Hong Kong have dropped, especially from river trade and barge business.

26 Nov 2012 - 2:28am

China's Ningbo port on way to regain glory

May not be No 6 much longer: Ningbo's global ranking in container throughput rose from 30th in 2002 to sixth in 2011. Photo: Reuters

Ningbo stands a fair chance of overtaking Shenzhen as the mainland's second-busiest port and the world's fourth-busiest in a few years.

17 Nov 2012 - 4:13am

Exports U-turn but better days ahead

Lights on for visitors at the lighting fair where most of them expect better growth. Photo: Felix Wong

The Hong Kong Trade Development Council (TDC) has revised down its forecast for Hong Kong's export growth for the year from 1 per cent growth to a 1 per cent decline, said deputy executive director Benjamin Chau.

13 Nov 2012 - 3:53am

Shanghai port operator books 31pc net decline

Shanghai International Port Group (SIPG), the Shanghai-listed operator of the city's ports, said interim net profit declined 30.73 per cent to 1.71 billion yuan (HK$1.94 billion), while revenue fell 13.6 per cent to 7.9 billion yuan.

Shanghai is the world's busiest port in terms of tonnage and the second-busiest container port, behind Singapore.

1 Sep 2009 - 12:00am

Shenzhen container traffic declines 19.8pc

Container throughput in Shenzhen, the mainland's second-busiest port, declined further last month, dimming hopes of a quick recovery in the country's exports.

Total container throughput fell 19.8 per cent year on year to 1.41 million twenty-foot equivalent units (teu) in June, worse than the 17.7 per cent decline in May, according to official figures.

11 Jul 2009 - 12:00am

Shanghai port may raise rates

Analysts forecast higher charges as profit rises 36pc on throughput growth

Shanghai International Port Group, the operator of China's busiest port, is expected to raise handling charges as throughput is likely to grow 20 per cent this year, analysts said.

23 Jan 2007 - 12:00am

Carriers warn of surcharge for Yantian delays

Shipping lines are growing frustrated by berthing and loading delays at the burgeoning port of Yantian and warn they may implement a congestion surcharge to compensate for cost and scheduling overruns.

29 Oct 2002 - 12:00am

Throughput up at Long Beach

Throughput at the port of Long Beach, the United States' second-busiest container terminal, rose almost 12 per cent last month as trade volumes at the facility continued their erratic pattern since the September 11 terror attacks.

21 May 2002 - 12:00am

Drop in air cargo

Hong Kong Air Cargo Terminals has reported a second consecutive quarter of declining air-cargo throughput. It blamed the poor result on continued softness in demand in the United States. Throughput in the three months to June was 374,838 tonnes, a 12.4 per cent fall against the same period last year.

31 Jul 2001 - 12:00am

Port cargo throughput stable

Port cargo throughput for Hong Kong held up in the first quarter this year at a time when a global slowdown is weighing on exports. Throughput rose 8 per cent from a year earlier to 43.1 million tonnes in the first quarter this year. Of this total, inward port cargo also rose 8 per cent, to 26.8 million tonnes, while outward port cargo increased 9 per cent to 16.3 million tonnes.

12 Jun 2001 - 12:00am

Hactl in 24pc throughput boost

Hong Kong Air Cargo Terminals Ltd (Hactl) saw a 24 per cent rise in throughput to 161,893 tonnes last month compared with the same month last year. Hactl handled 1.42 million tonnes between January and November 30, up 20 per cent year on year.

15 Dec 1999 - 12:00am

Singapore throughput edges up

The Port of Singapore Authority (PSA) says December container throughput rose to 1.114 million teus (20 ft equivalent units), up 1.37 per cent from 1.099 million in November. Total cargo tonnage also rose to 26,747 million tonnes from November's 25,827 million tonnes, it said.

21 Feb 1997 - 12:00am