HK's Container Throughput Continues to Increase

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Last updated at: (Beijing Time) Wednesday, July 23, 2003

HK's Container Throughput Continues to Increase

Hong Kong's container throughput is expected to exceed 20 million twenty-foot equivalent units (TEUs) in 2003, with the opening of a new container terminal on Tuesday.

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Hong Kong's container throughput is expected to exceed 20 million twenty-foot equivalent units (TEUs) in 2003, with the opening of a new container terminal on Tuesday.

At the opening ceremony of Container Terminal 9 (CT9) on Tuesday, Hong Kong's Secretary for Economic Development and Labor,Stephen Ip, said that being the largest container terminal ever constructed in Hong Kong, the development of CT9 required the concerted efforts of the government and the terminal operators to maintain the thriving momentum of Hong Kong's port activities.

Upon full commissioning in 2005, the 6-berth CT9 will increase Hong Kong's planned handling capacity by more than 2.6 million TEUs.

In 2002, Hong Kong set another record in its container throughput by handling more than 19.1 million TEUs.

"Roughly speaking, our port handles one 'box' (TEU) every one-and-a half seconds, 24 hours a day, seven days a week," said Ip.

Whilst the remaining works for CT9 moves ahead in full swing, matching progress is being made in the construction of the Shenzhen Western Corridor and a mirror bridge at Lok Ma Chau. These infrastructure developments will create new conduits and improve the existing crossings to facilitate movement of freight to the container port and will further strengthen Hong Kong's position as a leading transport and logistics hub.

Gifted with the mainland's rapid development, Hong Kong is wellpositioned to capitalize on the growing demand for cargo handling and logistics services especially when the Closer Economic Partnership Arrangements open the door even further for HK companies, said Ip.

"We have embarked on a study entitled 'Hong Kong Port - Master Plan 2020' on the long-term development strategy for the port of Hong Kong. The study will update the port cargo forecasts and willpropose a competitive and sustainable strategy as well as a masterplan for Hong Kong's port development, including the feasibility of constructing Container Terminal 10. The study will be completedby the end of this year," Ip added.

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