Hong Kong needs 10th container terminal

A Hong Kong government study forecasts that the territory will require a brand new container terminal by 2015, but also that handling costs must be capped to remain competitive with competing facilities at the neighbouring Chinese port of Shenzhen. Hong Kong is already losing market share to its rival, which is much closer to factories located in the Pearl River Delta, as well as being cheaper. Nevertheless, traffic projections suggest that box throughput at Hong Kong will rise from an estimated 23.4mTEUs in 2005 to 40.2mTEUs in 2020.