Cosco-HIT Terminals, which operates two berths at the main terminal in Hong Kong, reported an 11.4 per cent fall in cargo throughput last month, compared with June last year. It was the second consecutive month of shrinking throughput.
The joint venture between Cosco Pacific and Hutchison Whampoa handled 115,400 teu (20ft equivalent units) last month, compared with 130,300 in the same month last year.
'June 2002 is a record month for us. We are comparing with a very high base last month. Our performance is in line with the market,' Cosco Pacific deputy managing director Kelvin Wong Tin-yau said.
Cosco-HIT handled 702,500 teu in the first half, up a comparative 4.7 per cent. Mr Wong said: 'We are cautiously optimistic about our performance this year. The second half, with the Christmas rush season, will be busier than the first half.'
