Hong Kong Air Cargo TerminalsLimited (Hactl) said tonnage handledin the fourth quarter was 717,361tonnes, representing a year-on-yearincrease of 6.0 percent. Total volumehandled for the whole year of 2006topped the 2.5 million mark - a total of2,561,902 tonnes were handled in theyear, up 5.3 percent against 2005, andsetting a new annual tonnage recordfor the company. Export tonnage for the fourth quarterwas 411,893 tonnes, up 5.1 percentyear-on-year. Aggregate export tonnagefor the whole year … [Read more...] about HONG KONG: Hactl sets new tonnage record in 2006
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HONG KONG: Hongkong Post eyes mailing hub status
Hongkong Post is planning to becomea mailing hub for the mainlandin a move that could bring it hundredsof millions of dollars a year, PostmasterGeneral Tam Wing-pong told theStandard newspaper. Tam, who took over the position inJuly, said the growing bulk commercialmailing market in the mainland willbe a key focus for Hongkong Post'sbusiness development over the nextfew years. "Many countries are looking at themainland's postal services, includingsending to or delivering from … [Read more...] about HONG KONG: Hongkong Post eyes mailing hub status
HONG KONG: HKG must review transhipments
Hong Kong can attract more air cargobusiness if its transhipment processescan be reviewed quickly, Asia AirfreightTerminal (AAT) general manager, planning& services, Nelson Lee said. He said as Hong Kong did not havea transhipment ordinance, the customswere using a combination of the existingimport and export ordinances toregulate the territory's transfer of aircargo making it unattractive to shippersand cargo agents. "Shippers and cargo agents have topay a declaration charge for … [Read more...] about HONG KONG: HKG must review transhipments
HONG KONG: Asia Pacific cargo to lead growth
International Asia Pacific freightgrowth is expected to lead globalfreight growth in 2007 with an averageannual growth rate (AAGR) of6 percent over the same period, theInternational Air Transport Association(IATA) said. It said the forecast growth reflectsthe strength of trade flows, economicgrowth and liberalisation, particularlyin China and India. Over the four-yearperiod to 2010, Pakistan is forecast tohave the fastest AAGR at 8.2 percent,just beating China with 8.1 percent andIndia with … [Read more...] about HONG KONG: Asia Pacific cargo to lead growth
HONG KONG: HKG throughput in danger: DHL
Hong Kong's air cargo throughputfrom Mainland China passing through the territory will drop as trade growthbetween China and North Asia shiftsmore of the flow further north, theSouth China Morning Post reported,citing a senior DHL Express official. "Further trade links between Japan,South Korea and China mean fewershipments in and out of Hong Kong," DHL Asia Pacific chief executive ScottPrice said. DHL channels 70 percent of itsChina consignments through its southernChina hub in … [Read more...] about HONG KONG: HKG throughput in danger: DHL
HONG KONG: Cathay adds more freighters to Europe
Cathay Pacific Airways said that it will add a total of 11 extra freighter flights each week to three major cities in Europe - Amsterdam, Frankfurt and Manchester - effective this month. With the extra services the airline's freighter services to Europe will rise from 25 to 36 - an increase of almost 50 percent, further strengthening Hong Kong's position as one of the world's leading airfreight hubs. A total of five flights a week are being added to Frankfurt, operating every Monday, … [Read more...] about HONG KONG: Cathay adds more freighters to Europe
