Hong Kong losing ground in Asian port race

Once the world's largest container port, Hong Kong now faces another dive once the announced container alliance between Maersk Line, MSC, and CMA CGM starts operating.

The Port of Hong Kong, which back in 2000 - 2004 held the title as the world's busiest container port, lost 3.3 percent of its revenue in 2013. The biggest decline among the world's 20 largest ports, according to a survey performed by Alphaliner.

Hong Kong is currently ranked 4th, after Shanghai, Singapore, and Shenzhen on the Top 20 container ports in the world, and the announced P3 alliance featuring Maersk Line, MSC, and CMA CGM will make the situation significantly worse for Hong Kong, as the alliance plans to cut its number of calls in half, from six to three, on the carriers' westbound strings to Europe.

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