Hong Kong set to be unseated by Busan as 5th busiest container port

Singapore

HONG KONG is poised to lose its ranking as the world's fifth-busiest container port if cargo-handling trends continue.

Sea freight processed in the city dropped for a second straight month in November, making Hong Kong the only container port among the world's top five to report weaker traffic, based on statistics compiled by port authorities. South Korea's Busan, ranked sixth, has narrowed the gap and is set to overtake Hong Kong on an annual basis in 2018, said Rahul Kapoor, an analyst at Bloomberg Intelligence.