Hong Kong Air Cargo Terminals Limited (Hactl) - Articles and news items
Issue 6 2012 • 7 December 2012 • Lilian Chan, Executive Director, Hong Kong Air Cargo Terminals Ltd.
The role of Hong Kong as a country is multi-faceted; it is simultaneously a market and manufacturing base in its own right, a gateway to the world for Southern China’s top industrial region, and a cargo hub for the entire Asia region. Little wonder that it is now the world’s number one cargo airport, handling almost four million tonnes of cargo each year.Within Hong Kong’s air cargo community, Hong Kong Air Cargo Terminals Ltd. (Hactl)’s 80 per cent share of the commercial handling market makes it virtually synonymous with the airport. And looking at analyses of cargo flows through Hactl is like looking at the world in microcosm.Positive growth: The past four years have been interesting to say the least. 2008 and 2009 saw declines of 3.8 per cent and 8.3 per cent respectively, fuelled by the global recession (but these declines were nowhere near as bad as the 25 per cent dive in volumes experienced on many routes). 2010 marked a sharp rise of 24.8 per cent, creating the appearance of a strong recovery, but this was actually a peak caused by a widespread correction to the running down of global inventories. Normality finally returned in 2011 with a fall of 6.2 per cent year-on-year, although still Hactl’s second most successful year to date. And, despite the continuing economic woes in Europe and the USA, overall traffic in the first half of 2012 has shown signs of a return to a gentle underlying growth.