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Hactl reports 9% decline in air cargo tonnage throughput in 2001

Hong Kong Air Cargo Terminals Ltd (Hactl) reported its 2001 fourth quarter air cargo throughput had registered another decline, due primarily to continued weakness in the overall import trades and the export sector to the US. In December, Hactl handled 146,449 tonnes, representing a year-on-year reduction of 3.2%. Total volume handled by Hactl for the fourth quarter and for 2001 were 455,358 tonnes and 1,591,311 tonnes, down 6% and 9% respectively compared with the same periods in 2000.

"The rate of volume decline in the overall trade narrowed, with some export sectors showing modest growth in December on a year-on-year basis. Imports, however, remained sluggish," said Summit Chan, Hactl's Director of Marketing & Customer Service.

Export volume dropped by 2.7% year-on-year in the fourth quarter, largely attributable to lower demands in the US (-10.3%) and Taiwan (-11%) markets. For the year, exports fell by 10.5% year-on-year with volume reduction in all key markets : U.S. (-18.7%), Europe (-7.9%), Japan (-2.5%), Taiwan (-15.5%), Korea (-9.1%).

Overall import volume reductions, on a year-on-year basis, were 12.2% for the quarter and 9% for the year. Imports from other Asian countries dropped by 7.1% in the fourth quarter compared with the same period in 2000, whilst those from Europe and the U.S. registered significant declines. For the year, imports from other Asian countries fell by 10.3%, Europe by 4%, and the US by 12.9%.

"There are some signs of recovery, particularly in the export sectors. We can only be cautiously optimistic about the sustainability of the recovery, in light of the uncertainties in the US and regional markets. In the meantime, we are pushing hard to implement our intermodal transport and IT initiatives to facilitate the logistics integration with the Pearl River Delta," Chan said.

Hactl's Tonnage Report for 4th Quarter and Whole Year of 2001

Tonnes
Oct-01
Nov-01
Dec-01
Cumulative
(Oct-Dec 01)
Cumulative
(Jan-Dec 01)
Import
47,814
48,376
51,655
147,845
576,421
Growth rate against '00
-12.4%
-12.7%
-11.6%
-12.2%
-9.0%
Export
82,271
86,502
75,174
243,947
791,609
Growth rate against '00
-6.9%
-2.5%
2.2%
-2.7%
-10.5%
Transshipment
23,219
20,727
19,620
63,566
223,281
Growth rate against '00
-3.1%
-7.0%
1.2%
-3.2%
-3.4%
Total
153,304
155,605
146,449
455,358
1,591,311
Growth rate against '00
-8.2%
-6.5%
-3.2%
-6.0%
-9.0%
 Issued by Hong Kong Air Cargo Terminals Limited