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  1. Slower cargo growth at Hactl, but forwarders not worried

    Posted Sep 03rd 2010, 12:00am by Charlotte So

    ... Charlotte So Hong Kong Air Cargo Terminals Ltd (Hactl), the largest cargo handler at the airport, said growth in the amount of cargo handled slowed last month, but freight forwarders expect a big end to the year. Cargo handled last month rose 17.5 per cent year on year, against 27.7 per cent in July, with the slowdown attributed to the high base comparison in August last ...

  2. UPS adding extra flights to Europe despite euro crisis

    Posted May 19th 2010, 12:00am by Charlotte So

    ... The express giant is considering whether to tap into the domestic express cargo market, now dominated by local players. 'We are studying the feasibility of developing a comprehensive domestic ... metres of land at Shenzhen Airport for further expansion. In addition to express cargo, the company is also looking at the general cargo business at its premises in Shenzhen, an official said. ...

  3. Cathay cargo venture set to take off

    Posted Nov 18th 2010, 12:00am by Anita Lam

    ... Anita Lam An air-cargo venture expected to increase Cathay Pacific Airways' presence on the mainland could take off as early as next month, chairman Christopher Pratt said yesterday. ... billion this year- but said he was optimistic about both cargo and passenger growth in the first quarter of next year. Cathay Pacific sealed an agreement with its subsidiary Air China back ...

  4. US security plans threaten HK air cargo hub

    Posted Dec 01st 2010, 12:00am by Keith Wallis

    ... Keith Wallis Hong Kong's status as one of the world's top air cargo centres is under threat from tougher security rules proposed in the United States. They would require cargo manifests to be submitted 24 hours before flight departure, shippers warned yesterday. Airlines already have to submit cargo manifests to American authorities before long-haul flights arrive ...

  5. Cargo carriers bank on booming markets in Asia to fuel growth

    Posted Dec 20th 2010, 12:00am by Charlotte So

    ... regions, increased demand in Asia and emerging markets should make up for any such shortfall, said Lawrence Rosen, the chief financial officer of Deutsche Post DHL. Express cargo and freight ... trade should be higher next year, he said. Hong Kong- which is DHL's Asian hub- along with the mainland, should register cargo growth of about 10 per cent. Fleet expansion by DHL would ...

  6. Airlines adjust capacity to control cargo rates

    Posted Aug 04th 2010, 12:00am by Charlotte So

    ... on economic uncertainty. After a volcanic ash cloud over Europe resulted in a huge backlog of cargo, the charter rate for a Boeing 747-400 freighter in May surged to more than US$1 million per trip from less than US$400,000. Now, freight forwarders have come back to earth - the weakened economy in the euro zone resulted in cargo demand withering in July and August. 'Many ...

  7. Delays in Boeing delivery likely to hold back Cathay cargo expansion

    Posted Sep 10th 2010, 12:00am by Charlotte So

    ... Charlotte So Cathay Pacific's ambitions to expand its cargo division are likely to be hit by the delays in delivery of the new Boeing 747-8 freighter. Cathay along with other cargo carriers such as Nippon Cargo Airlines and Luxembourg-based Cargolux are banking on the new plane- a stretch version of the older jumbo jet freighters- to boost their freight capacity as global ...

  8. Bullish Cathay restarts work on cargo terminal

    Posted Aug 11th 2010, 12:00am by Charlotte So

    ... Charlotte So The construction of Cathay Pacific Airways' wholly owned cargo terminal has resumed after a two-year suspension and it is scheduled to open in early 2013. The facility, with a designed capacity of 2.6 million tonnes a year, will be expanded in a second phase of construction as the carrier is banking on a strong recovery in the cargo market. The new phase will boost its ...

  9. Sailor falls 6m into ship's cargo hold

    Posted Aug 28th 2010, 12:00am by Clifford Lo

    ... Clifford Lo A mainland sailor is being treated for critical head injuries after he fell six metres from the top of a container into a cargo hold of a ship cargo vessel at Stonecutters Island yesterday. The man, 22, was working on top of the container aboard a mainland vessel when the incident happened at about 1.15pm. One of the cables tied to the container snapped and hit ...

  10. Vietnam is mainland's only rival for cargo

    Posted Oct 23rd 2010, 12:00am by Keith Wallis

    ... Keith Wallis Vietnam poses the only serious regional competition to the mainland when it comes to changing cargo patterns through shifts in foreign direct investment, according to shipping experts. Pointing to the growing importance of Vietnam, Randy Chen, special assistant to the president of Taiwan's Wan Hai Lines, said 'cargo flows have shifted dramatically' ...




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