Hong Kong's December air cargo throughput plunged 29.7 per cent from a year earlier, on the back of weak global demand for Asian goods as a result of the deteriorating economic conditions in Western countries where many retailers were offering huge discounts to sell goods over the Christmas period. The decline in trade accelerated from a 19 per cent year-on-year drop in November, according to the latest data from Hong Kong Air Cargo Terminals Ltd (Hactl). "The global economic performance remains … [Read more...] about HK sees plummeting volumes
HACTL
8% tonnage drop for Hactl in September
Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage quarter and the first nine months of 2008. A total of 221,882 tonnes and 661,505 tonnes were handled in September and the third quarter, representing a yearon- year decline of 8 and 4.1 per cent respectively. Tonnage throughput for the first nine months of the year was 1,939,896 tonnes, representing a cumulative year-on-year growth of 2.3 per cent. Export volume was 125,893 tonnes for September and 365,926 tonnes for the … [Read more...] about 8% tonnage drop for Hactl in September
Hong Kong: Hactl reports 3.3% drop in August volumes
Hong Kong Air Cargo Terminals Limited (Hactl) announced recently that its air cargo tonnage throughput for August totalled 220,574 tonnes, representing a year-on-year dip of 3.3 per cent. Cumulative tonnage for January-August 2008 was just on 1.72 million tonnes, up 3.8 per cent against the same period last year. Hactl said both import and export volumes in August had registered a decline. Import volume showed a decrease of 7.1 per cent year-on-year, with a total of 53,836 tonnes handled in the … [Read more...] about Hong Kong: Hactl reports 3.3% drop in August volumes