The area was once served by the Tokyo Rinkō Railway (臨港鉄道) to transport goods held at the warehouse; the trucks have now replaced them. Now, only the monorail Yurikamome Line stops on Hinode. Please see #53 Wharf at Shibaura 芝浦の岸壁 for more information on this area.
The land reclamation in Tokyo bay becomes clear when comparing the two images. Only the ferry seen in the photo was docked. Furthermore, the current day Shibaura (芝浦) did not exist in 1932; this image was taken close to the original location in Hinode (日の出). The screenshot below of Shibaura/Hinode on 今昔マップ on the web shows this. Please see #62 Shibaura Pier 芝浦の桟橋 for more information on this area.
