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Air cargo growth up 16pc at Shanghai's Pactl; Hactl up 8.7pc
SHANGHAI Pudong International Airport Cargo Terminal Ltd (Pactl) handled a total of 1.5 million tons of air cargo in 2014, a year-on-year increase of 16.15 per cent as demand surged at mainland China's busiest airport.
Hong Kong Air Cargo Terminals Ltd (Hactl) also finished the year in good shape aftercompleting its first calendar year without prime customer Cathay Pacific, which moved its 1.2 million tons of cargo to its own terminal.
By November - the latest month for which figures are available - Hactl had handled 1.65 million tons of air freight year to date.
Pactl handled half the cargo through Shanghai Pudong. The Sino-German joint venture also posted a 14.6 per cent year-on-year increase to 136,932 tons in December.
Outbound international cargo tonnage for December was up 14.69 per cent year on year, reaching 75,032 tons, while international imports amounted to 51,875 tons, up 13.76 per cent.
Lower oil prices have reduce the pricing gap between air and ocean freight, improving airline competitiveness as lower fuel surcharges help offset rate increases, noted BB&T Capital Markets.
Also boosting air freight tonnage was US west coast port congestion, driving cargo to air carriers as advent of traditional Christmas traffic peaks induced shippers to ensure the timely arrival of new mobile electronic products.
Hong Kong's largest air freight terminal operator, Hactl, made strong gains towards making up for the loss of Cathay by recording throughput growth of 8.7 per cent above that of 2013 once the airline contribution was stripped out, Hactl chief executive Mark Whitehead said in a newsletter to staff.
"The growth in tonnage has been due to several factors," said Mr Whitehead, after acquiring several new customers in 2014.
He attributed the gain to "the increased volumes of many of our customers and a strong fourth quarter performance helped by the congestion at the US west coast seaports and the temporary shift of cargo from sea to air."
Hong Kong Air Cargo Terminals Ltd (Hactl) also finished the year in good shape aftercompleting its first calendar year without prime customer Cathay Pacific, which moved its 1.2 million tons of cargo to its own terminal.
By November - the latest month for which figures are available - Hactl had handled 1.65 million tons of air freight year to date.
Pactl handled half the cargo through Shanghai Pudong. The Sino-German joint venture also posted a 14.6 per cent year-on-year increase to 136,932 tons in December.
Outbound international cargo tonnage for December was up 14.69 per cent year on year, reaching 75,032 tons, while international imports amounted to 51,875 tons, up 13.76 per cent.
Lower oil prices have reduce the pricing gap between air and ocean freight, improving airline competitiveness as lower fuel surcharges help offset rate increases, noted BB&T Capital Markets.
Also boosting air freight tonnage was US west coast port congestion, driving cargo to air carriers as advent of traditional Christmas traffic peaks induced shippers to ensure the timely arrival of new mobile electronic products.
Hong Kong's largest air freight terminal operator, Hactl, made strong gains towards making up for the loss of Cathay by recording throughput growth of 8.7 per cent above that of 2013 once the airline contribution was stripped out, Hactl chief executive Mark Whitehead said in a newsletter to staff.
"The growth in tonnage has been due to several factors," said Mr Whitehead, after acquiring several new customers in 2014.
He attributed the gain to "the increased volumes of many of our customers and a strong fourth quarter performance helped by the congestion at the US west coast seaports and the temporary shift of cargo from sea to air."
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