Asia the Key to Hong Kong Container Growth as COSCO Recovers — Panjiva
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Asia the Key to Hong Kong Container Growth as COSCO Recovers

China 2979 Corp - Ports 884 Logistics 476 Mode - Containerized 1475 Mode - Seaborne 1806

Container handling by COSCO’s ports increased by 5% in April, the sixth straight month of growth and the fastest rate of expansion since January 2016. This included a recovery in its Bohai Rim properties after two months of declines, as well as a 28% jump in handling at its Hong Kong terminal. That was well ahead of the 10% growth seen in Hong Kong’s ports more generally. They are becoming increasingly Asia-dependent as shipments to the U.S. actually fell 9% in April, Panjiva data shows.

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