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Air China

Freight industry still counting cost after CLK opening

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Freight forwarders, airlines and shippers are still counting the cost of the disastrous opening of Hong Kong Air Cargo Terminals' (HACTL) SuperTerminal 1 complex at Chek Lap Kok (CLK).

The eventual bill is expected to run into hundreds of millions, if not billions, of dollars, according to industry sources.

Cathay Pacific estimated its own losses at about $400 million.

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Lufthansa Cargo said the problems had cost it several million deutschemarks and the loss of about a dozen customers because it was unable to trans- ship cargo between HACTL and its facility at Asia Airfreight Terminals. Other carriers, including British Airways, have reported a similar loss.

It is not only airlines that have suffered. The Hong Kong Association of Freight Forwarding Agents (HAFFA) said several forwarding firms had failed since the airport's opening on July 6.

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This is blamed as much on the cost of servicing the airport and the changing nature of the forwarding business as it is on HACTL's difficulties.

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