New Report Available: Hong Kong Shipping Report Q3 2014

The port of Hong Kong holds the top position in Hong Kong's maritime sector in terms of both total tonnage and container throughput. BMI believes it will demonstrate growth in 2014 , after 2013 performance was hindered by a range of factors including a forty day strike, recession in the eurozone, the sluggish nature of US economic growth, the slowing outlook for the Chinese economy, the move of Chinese factories further inland and competition from the neighbouring port of Shenzhen.

Over the rest of the medium term, BMI projects further growth at the port of Hong Kong. Although up until 2012 it was managing to weather the competition from the development of Shenzhen as China's second largest container port and despite the close proximity of the two facilities, was managing to retain its lead, Hong Kong has now fallen behind Shenzhen, which, BMI believes, also had its container throughput bolstered as a result of the Hong Kong 2013 strike, as some shippers re-routed there to avoid the industrial action.

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That said, we also highlight that the port of Hong Kong has long-term expansion plans in place to ensure it remains among the world's top ports.

Headline Industry Data

* 2014 port of Hong Kong tonnage throughput forecast to grow 2%, over the medium term we project a 13% increase.
* 2014 port of Hong Kong container throughput forecast to grow 3%, over the medium term we project an 11% increase.
* 2014 total trade growth forecast at 4.23%.

Key Industry Trends

HPH Looks To Restart Expansion Plan I n 2015: Hong Kong-based terminal operator Hutchison Port Holdings Trust (HPHT) is looking to restart a previously stalled expansion plan in 2015. The move comes on the back of rising demand for Chinese goods from the US and Europe. The expansion plan includes the addition of berths at HPH Trust's Yantian International Container Terminals (YICT) in Shenzhen from 2015. The project, initially planned to start in 2010, is likely to entail an...

The Hong Kong Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Hong Kong.

BMI's Hong Kong Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Hong Kong.

Key Benefits

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