Ocean container trade is up while air cargo traffic growth is slowing down at Hong Kong.

Throughput at Hong Kong's ports was up 4.7 percent in July over the same month in 2007, to a volume of nearly 2.2 million TEUs, port officials said over the weekend. That's continued a steady pace of roughly 4.5 percent growth for the year, with volume from January through July at 14.2 million TEUs.

Meanwhile, Hong Kong International Airport officials said cargo volume grew 0.7 percent in July, to 317,000 tons, but less than the 2.4 percent growth seen in June.