Shanghai Pudong International Airport Cargo Terminal Co. Ltd. (PACTL) has announced that in week 17 of this year from 26 April to 2 May, it set a new weekly record by handling 30,142 tonnes of air freight which surpassed the previous record of 28,400 tonnes set in November 2009. The new record is the best evidence to show sustaining strong recovery and demands for air cargo transport since July 2009, PACTL said in a statement. The strong volumes were attributed to unprecedented increase in … [Read more...] about PACTL sets record in end-April
Ground Handling & Cargo Terminals
Swire, Cathay sell stakes in HACTL
Swire Pacific Limited and its Cathay Pacific Airways subsidiary have announced an agreement to sell their entire interests, 19.998 and 10 per cent respectively, in Hong Kong Air Cargo Terminals Limited (HACTL) and HACTL Investment Holdings Limited (HIHL). The interests in HACTL and HIHL are being purchased by existing HACTL and HIHL shareholders, namely Jardine Matheson & Co., Limited, The Wharf (Holdings) Limited, Mosgen Limited (a wholly owned subsidiary of Hutchison Whampoa Limited), … [Read more...] about Swire, Cathay sell stakes in HACTL
Canada to screen cargo in passenger bellies
In a move mirroring steps already well underway in the US, the Canadian government has announced a C$96 million (US$88.8 million) plan aimed at improving the security of Canadian air cargo, citing the potential for terrorist attacks within the commercial cargo system. The new measures, to be phased in over five years, include additional screening technologies and more stringent security checks for companies that screen cargo. While all cargo will be subject to the new measures, screening methods … [Read more...] about Canada to screen cargo in passenger bellies
Asia-Pac sees continued cargo growth
More confirmation of the sustained recovery in the global air cargo market came today courtesy of the the Association of Asia Pacific Airlines (AAPA) with statistics showing that both air cargo and passenger markets continued to show further improvement in April despite a week of disruptions to traffic in and out of Europe as a result of the Icelandic volcanic eruption. Air cargo demand remained strong, maintaining the positive trend of recent months, with 32.1 per cent growth in freight tonne … [Read more...] about Asia-Pac sees continued cargo growth
IATA blasts Europe again over volcanic crisis
The International Air Transport Association (IATA) called on European governments and air navigation service providers to urgently develop more precise procedures to identify ash contaminated air space and allow more flights. The call came in the wake of 1,000 flight cancellations on Monday (17 May) as a result of the continued volcanic eruptions in Iceland. “This problem is not going away any time soon. The current European-wide system to decide on airspace closures is not working. We … [Read more...] about IATA blasts Europe again over volcanic crisis
China’s 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China’s 2010 trade surplus expected to fall sharply
