In 2021, after a year of severe disruptions to the global supply chains, we expect to see the recovery of the global container trade which started in the later part of last year to continue and a positive growth will return. However, the growth prospects remain fragile due to the many uncertainties including the development of the pandemic, the trade relations between China and US under the new US administration, and Brexit.
In Hong Kong, we continue our efforts to deliver efficiency gains in the Hong Kong Seaport Alliance (HKSPA) with the objective to bring benefits to shipping line customers and other stakeholders. Following our success in achieving significant reduction in inter-terminal trucking and optimisation of the barge operation, our continuous efforts will focus on delivering world-class service levels to strengthen Hong Kong’s competitiveness. With the acceptance of HKSPA’s commitments by the Hong Kong Competition Commission on 30 October 2020, we are on track for full implementation aiming to deliver the full potential of HKSPA, enhance our value proposition and increase our business in Hong Kong. It is great to see that our infrastructure upgrade projects, carried out over multiple years, enables us to continue to handle the world’s largest 24-containers wide vessels.
After the successful full implementation of the Electronic Release Order (eRO) early last year, other digital services are in the pipeline to enhance further the operational efficiency in Hong Kong. In addition, HKSPA is continuing to explore different opportunities to make the Port of Hong Kong a “Smart Port”.