The world’s most rapidly declining major container port is braced for further huge throughput drops in the coming couple of years.
Hong Kong, which 20 years ago was the largest container port in the world, is increasingly being shunned by global liners.
The major alliances, Gemini Cooperation, THE Alliance and Ocean Alliance, have all unveiled their network changes for this year and next with Hong Kong deselected for many routes. For Gemini – the new alliance between Maersk and Hapag-Lloyd – the southern Chinese city does not feature as a direct port at all.
“This does not bode well for the Port of Hong Kong, but should also be seen as a sign that an element of network consolidation is afoot, especially related to transhipment hubs,” stated a new report from Danish consultancy Sea-Intelligence.
Analysis of network design and network efficiency shows that fewer, but larger, hubs are economically more efficient, according to Sea-Intelligence.
Read more in an article from Splash.