Hactl shows strong recovery

MAJOR air cargo handler Hactl sees strong recovery in both exports and transhipment traffic in the first quarter of 2012.
Exports rose 0.4 per cent to 137,598 metric tonnes – the best monthly figure in 16 months, the company reveals.
Meanwhile, transhipments climbed 7.7 per cent to 58,543 tonnes, its the best showing ever.
Although imports were down 10 per cent on 2011 to 57,630, Hactl’s March total of 253,771 tonnes was also the best in a year.
The company operates the world’s biggest freight terminal – Super Terminal 1– at Hong Kong International Airport.
Lilian Chan, Hactl’s executive director, said: “We have progressively closed the gap, which opened up during 2011, when we experienced a fall to as much as 12 per cent below the previous year’s strong performance, in May 2011.
"The anomaly created by the different dates of the Chinese New Year in 2011 and 2012 has now worked its way through, so comparisons are more meaningful again.
"But what is not yet clear is whether the rest of 2012 will track the trends of 2011 again, or whether our first quarter recovery is a sign that we are now gradually returning to 2010 traffic levels, and underlying growth.”
Chan adds: "We remain hopeful but cautious. Important markets in Europe and the US are still unsettled."

Share this story

Related Topics

Latest news

Delhi and Manchester united by Virgin Atlantic Cargo hat trick of flights

Virgin Atlantic will launch a three times a week passenger service to Delhi from Manchester in October this year. The…

Read More

Share this story

Market talk: CargoLogicAir suspends operations?

By Damian Brett

Rumours continue to circulate that UK-based freighter operator CargoLogicAir has suspended operations. Contacts have suggested that the airline has been…

Read More

Share this story

Turkish Cargo sees 7.1% tonnage surge in 2019

Turkish Cargo recorded a 7.1% tonnage increase in 2019 compared with a global air cargo market that fell by 4.4%….

Read More

Share this story