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Hong Kong Set to Lose Spot Among Top 5 Container Ports in 2018

  • Cargo handled by Hong Kong drops for second month in November
  • China has been investing in ports and expanding their capacity
Shipping containers stacked at Kwai Tsing Container Terminal, operated by Hong Kong International Terminals Ltd. (HIT), a unit of CK Hutchison Holdings Ltd., are seen from the Mitsui O.S.K. Lines Ltd. (MOL) Triumph container ship docked at the terminal in Hong Kong, China.
Photographer: Paul Yeung/Bloomberg

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.