Market Share of Hong Kong Stevedoring and Marine Cargo Handling Industry
Major players present in the market include A.P. Moller - Maersk, DP World Limited, APM Terminals, COSCO Group, CMA CGM Group, Hapag-Lloyd, Ahlers Bridge Hong Kong Ltd, Mediterranean Shipping Co., East West Maritime Limited, and Evergreen Marine (Hong Kong) Ltd. The competition amongst service providers is further heightened by the strict regulatory requirements that must be met. Businesses participate in M&A transactions to develop their product lines and expand regionally.
Despite increasing competition in the area due to the development of ports and logistics infrastructure in mainland China over the past 10 years, Hong Kong's port continues to be one of the busiest container ports in the world. Hong Kong's port and its maritime sector face additional challenges as a result of the Pearl River Delta's (PRD) shifting manufacturing landscape, which is moving from labor-intensive manufacturing to high-tech industries as well as the trend of global manufacturers shifting and extending supply chains from the mainland to other countries.
Hong Kong Stevedoring & Marine Cargo Handling Market Leaders
A.P. Moller - Maersk
DP World Limited
COSCO Group
CMA CGM Group
APM Terminals
*Disclaimer: Major Players sorted in no particular order
