Caixin
Jan 10, 2019 06:03 PM
BUSINESS & TECH

Hong Kong’s Cargo Terminal Operators Team Up to Turn the Tide

The Kwai Tsing container terminal, operated by Hongkong International Terminals Ltd., is seen in Hong Kong on  July 30. Photo: VCG
The Kwai Tsing container terminal, operated by Hongkong International Terminals Ltd., is seen in Hong Kong on July 30. Photo: VCG

Buffeted by economic headwinds and intensifying competition, Hong Kong’s cargo terminal operators are banding together in a bid to arrest the autonomous territory’s decline as a global shipping hub.

One of the world’s busiest ports, Hong Kong has long thrived thanks to its position as a conduit for goods moving in and out of China, particularly when much of the mainland was closed to foreign trade before it began to open its markets in 1978.

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