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Hong Kong‘s port has fallen behind rivals. Industry experts say it needs to be more competitive

Hong Kong‘s port has fallen behind rivals. Industry experts say it needs to be more competitive

once world-beating port needs to raise its game or risk falling further behind competitors in , and elsewhere, industry experts said.

The city‘s massive container facility has seen rivals, especially in mainland , expand and improve at a faster pace, air and rail options for shipping goods increase and, more recently, uncertainty resulting from the ongoing Washington-Beijing trade war.

Since 2004, Hong Kong has gone from being the biggest port in the world in shipping containers processed to a ranking, according to Lloyd‘s List, of fifth in 2017. Industry expectations are for further declines.