Peruvian bounce
NewsChancay Port, a US$ 3.5b mega project, aims to become South America’s main Asia trade hub. It will handle 18,000+ TEU ULCVs, have automated operations, and an adjacent economic zone.
Hong Kong losing out to lower cost competition
SAR Hong Kong’s throughput in the six months of this year rose 6.6% to 11.4M TEU, of which the nine container terminals handled 7.41M TEU, up 8.4% year on year. June volumes rose just 3.8% year on year to 2M TEU, down from 12.5% in May, with the sluggish growth attributed to a decline in river terminal and mid-stream traffic and growing competition from Shenzhen terminals. River terminal and mid-stream throughput declined 3.4% in the six months to 4M TEU, while their June volumes were down 4.3%
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