Cargo Business Newswire

Tuesday, December 23, 2014

Hong Kong losing business to other South China ports

A government-commissioned report on Hong Kong's port development found that it is dealing with more intense competition from other South China ports, including Nansha.

Hong Kong's share of the south China cargo base had fallen from more than 70 percent in 2010 to below 40 percent in 2011, the report showed.

"Current trends suggest a diminishing preference for using Hong Kong port for south China cargo, which is related to the significant increase in port capacity that occurred in South China in the last 10 years, giving shippers much more choices," it said.

The report expects transshipments to account for 75 percent of Hong Kong's throughput by 2030.

The report said ports in Shenzhen and Guangzhou, including Nansha, shared overlapping territory and competed for the same cargo in the region.

"The original Guangzhou port has older, more limited facilities, particularly for container handling," it said. "The new container terminal at Nansha is built to modern standards and has space for further expansion."

A statement posted on the central government website after a State Council meeting last Friday said the country would set up three more free-trade zones - in Guangdong, Fujian and Tianjin - on the heels of the pilot zone in Shanghai.

For more of the South China Morning Post story: www.scmp.com

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