The port of Hong Kong holds the top position in Hong Kong’s maritime sector in terms of both total tonnage and container throughput. We believe its return to growth in 2013 will be hindered by a 40-day strike, continued recession in the eurozone, the sluggish nature of US economic growth, the slowing outlook for the Chinese economy, the move of Chinese factories further inland and competition from the neighbouring port of Shenzhen, and project a throughput decline at the port. Over the rest of the medium term, BMI projects moderate growth at the port of Hong Kong. Although so far …
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