HK cargo continues downward track

Both of Hong Kong’s two main cargo handlers Asia Airfreight Terminal Co Ltd (AAT) and Hong Kong Air Cargo Terminals Limited (Hactl) have reported ongoing slides in cargo volumes with export cargo hit the hardest.


AAT & Hactl main cargo handlers


HK cargo continues downward track

Both of Hong Kong’s two main cargo handlers Asia Airfreight Terminal Co Ltd (AAT) and Hong Kong Air Cargo Terminals Limited (Hactl) have reported ongoing slides in cargo volumes with export cargo hit the hardest. AAT said tonnage throughput in August fell 8 per cent to 55,203 tonnes with export cargo at 38,260 tonnes marking a decline of 12 per cent year-on-year. Import cargo volume weakened slightly, by 0.3 per cent to 16,133 tonnes and transhipment cargo volume was 811 tonnes, a 68 per cent year-on-year increase. Commenting on the result, AAT general manager for Corporate Development, Kenneth Yeung said: “Although export has been affected by the US and European economy, import growth has been more encouraging. Maybe a sign of more balanced trade.” AAT’s larger counterpart, Hactl, similarly reported a 9.3 per cent yearon- year decline in air cargo tonnage throughput for the same month to 221,375 tonnes. Export volume in August slumped 13.3 per cent to 117,771 tonnes and import volumes declined 8.9 per cent to 55,345 tonnes, while transhipment volume was 48,259 tonnes, up 1.7 per cent year-on-year.