Hong Kong sees cargo stabilisation
Hong Kong AirportÃ¢â‚¬™s two major freight handlers, Hong Kong Air Cargo Terminals Ltd (HACTL) and Asia Airfreight Terminal (AAT), have both reported clear signs of a stabilisation in cargo volumes and are hopeful that the beginning of a recovery is underway. Noting that air cargo throughput is Ã¢â‚¬Å“generally a good indicator of the economyÃ¢â‚¬Â HACTL […]
August 1, 2009
Noting that air cargo throughput is Ã¢â‚¬Å“generally a good indicator of the economyÃ¢â‚¬Â HACTL said that while the first half of 2009 had been difficult, Ã¢â‚¬Å“it is delightful to observe the relatively stabilised tonnage performance over the past few monthsÃ¢â‚¬Â. Similarly AAT said that clearly the global economic recession continues, however, Ã¢â‚¬Å“the total tonnage has shown some improvements, hopefully itÃ¢â‚¬™s a sign that we have already seen the worst.Ã¢â‚¬Â
HACTL handled a total of 187,955 tonnes of cargo in June, down 14.4 per cent year-on-year. Import volume for June registered an 11 per cent decline year-on-year (y-o-y) basis to 51,137 tonnes, with HACTL stating the market outlook for imports from western countries Ã¢â‚¬Å“continues to be gloomyÃ¢â‚¬Â. Export volume fell 19.2 per cent to 96,792 tonnes in June, y-o-y.
The smaller AAT handled a total of 38,359 tonnes in June, down 27 per cent y-o-y, while export cargo fell 31 per cent to 24,985 tonnes. Import cargo volume for June was 12,875 tonnes, down 21 per cent, while transshipment cargo volume rose 35 per cen