HK falls from list of world’s 10 busiest ports for first time
City slips to 11th after 14.1% drop in traffic, while Shanghai keeps top spot and Singapore is No 2
Hong Kong, once the world’s busiest port, failed for the first time to rank among the top 10 last year, reflecting the city’s struggles to reverse a long-term decline in shipping volumes.
It was knocked to 11th place by Dubai’s Jebel Ali port, according to data from shipping data provider Alphaliner on the world’s 30 busiest container terminals.
Shanghai retained the top spot, a position it has held since 2010 when it overtook now second-placed Singapore.
In total, six of the top 10 spots were held by mainland cities – Ningbo, Qingdao, Shenzhen, Guangzhou, Tianjin, and Shanghai – with Busan in South Korea, Los Angeles in the United States, and Dubai rounding out the list.
The drop is bruising for Hong Kong, which was the world’s top container port for most of the period from 1987 to 2004. The city has posted seven consecutive years of declining shipment volumes because of steep competition from its mainland counterparts, according to Alphaliner.
Traffic last year dropped by 14.1 per cent from 2022 to 14.3 million twenty-foot equivalent units (TEU).
It marks a 21.6 per cent fall since the pre-pandemic days, with 18.3 million TEU passing through the port in 2019.
By contrast, Shanghai handled 49.16 million TEU last year, up by 3.9 per cent from 2022 and a 13.5 per cent increase compared with 2019.
The growth from before the Covid-19 pandemic was even more dramatic at several other mainland ports. Volumes at Zhoushan port in Ningbo, currently ranked third, rose by 28.2 per cent from 2019, while traffic at Qingdao, which moved up one spot to fourth place, soared by 42.8 per cent, the biggest increase among the top 10.
“The rise of mainland-based ports has diminished the role of Hong Kong since more international shipping liners prefer loading and discharging containers in places like Shanghai and Shenzhen to better serve clients,” said Xiong Hao, assistant general manager at Shanghai Jump International Shipping.
With China’s booming exports and imports showing signs of slowing, its ports would compete with each other to sustain their growth momentum, he added.
The only other major port to have suffered a greater decrease in traffic than Hong Kong was New York & New Jersey, where throughput fell by 17.1 per cent to 7.8 million TEU.
It would be challenging for Hong Kong to reverse the decline in its fortunes, as mainland ports were extremely competitive on price and convenience, as well as having more room to expand, shipping experts previously told the Post.
Hong Kong should focus on the value of the cargo rather than the quantity, and use green and innovative technology to help regain its edge, one expert said.
Last December, the authorities introduced a new maritime and port development strategy aimed at rejuvenating the port, including developing high-value-added maritime services and strengthening its talent pool.
Dubai, which last made the top 10 in 2018, surpassed Rotterdam, Europe’s biggest port, “demonstrating the scale of economic slump in Europe”, Alphaliner said on X.
The 13th-ranked Dutch port, which handled 7 per cent less cargo last year, has suffered in recent years because of “nearloss” of Russian cargo as a result of the war in Ukraine, according to Alphaliner.