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Hong Kong’s Hactl Q1 air cargo traffic down 2.5 pct y/r, -0.7 pct in March

Fri Apr 13, 2012 6:57am EDT

HONG KONG, April 13 (Reuters) – Hong Kong Air Cargo

Terminals Ltd (Hactl) said on Friday its cargo traffic fell 2.5

percent in the first quarter from the same period a year ago, as

the global economy slowed.

It handled a total of 633,935 tonnes of cargo in the January

to March period, with exports and imports decreasing 1.7 percent

and 13.3 percent, respectively, from a year earlier.

Hactl is a major air cargo player in Hong Kong, which is a

re-export centre for trade between Asia and the rest of the

world. It handles about 70 percent of the cargo traffic of Hong

Kong’s international airport.

A breakdown of air cargo handled by Hactl in March and the

first quarter of 2012:

March 2012             Jan-Mar 2012

Tonnage     Yr/Yr       Tonnage      Yr/Yr

(tonnes)  growth (pct)   (tonnes)  growth (pct)

Export           137,598      +0.4       329,418       -1.7

Import            57,630     -10.0       151,986      -13.3

Transshipment     58,543      +7.7       152,531       +9.1


Total            253,771      -0.7       633,935       -2.5

“We have progressively closed the gap which opened up during

2011, when we experienced a fall to as much as 12 percent below

the previous year’s strong performance in May 2011,” Lilian

Chan, Hactl’s executive director, said in a statement.

“We remain hopeful but cautious. Important markets in Europe

and the USA are still unsettled,” Chan said.

Hactl’s shareholders are Jardine, Matheson & Co Ltd,

Hutchison Whampoa Ltd’s unit Hutchison Port Holdings

Ltd, the Wharf (Holdings) Ltd and China National

Aviation Corporation (Group) Ltd.

(Reporting by Christina Lo; Editing by Kim Coghill)

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