Hong Kong port slips from Top 10 in global bankings as Shanghai leads

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18th April 2024 – (Hong Kong) Hong Kong has been edged out of the top 10 busiest container ports worldwide for the first time, according to the latest data from Alphaliner, an esteemed international shipping research firm. The city’s port has fallen to the 11th position, overtaken by Dubai, which now claims the 10th spot.

Leading the pack is Shanghai, maintaining its position as the busiest port globally with a remarkable throughput of approximately 49.158 million Twenty-foot Equivalent Units (TEUs) last year, marking an increase of 3.9% year-on-year and an impressive 13.5% growth since 2019. Following closely are Singapore and Ningbo, securing the second and third places respectively. Singapore handled 39.013 million TEUs, and Ningbo 35.3 million TEUs, with both ports experiencing significant growth over the past year and since 2019.

Other major players in the list include Qingdao, Shenzhen, Guangzhou, Busan, Tianjin, and the combined ports of Los Angeles/Long Beach, which filled the fourth to ninth spots respectively.

Hong Kong’s drop is notable, with the port’s throughput receding to 14.342 million TEUs, a sharp decline of 14.1% year-on-year. This downturn continues a worrying trend for the port, marking its seventh consecutive year of decreased activity, with a total reduction of 21.6% compared to 2019 figures.