Hong Kong set to lose spot among top 5 container ports in 2018

Current trends in cargo throughput could knock the port of Hong Kong out of the top 5 container ports in 2018. This time, the port looks set to be overtaken by South Korea's Busan.

Hyundai Merchant Marine
Photo: Hyundai Merchant Marine

Hong Kong is poised to lose its ranking as the world's fifth-busiest container port if cargo-handling trends continue.

Sea freight processed in the city dropped for a second straight month in November, making Hong Kong the only container port among the world's top five to report weaker traffic, based on statistics compiled by port authorities. South Korea's Busan, ranked sixth, has narrowed the gap and is set to overtake Hong Kong on an annual basis in 2018, said Rahul Kapoor, an analyst at Bloomberg Intelligence.

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