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Hactl Q3 Cargo Traffic Rose 2.1 Percent

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Hong Kong Air Cargo Terminals (Hactl) said on Wednesday its cargo traffic rose 2.1 percent in the third quarter from the same period a year ago and it forecast that 2012 should end better than expected.

It handled a total of 697,791 tonnes of cargo in the July to September period, with exports decreasing 2.3 percent while imports and trans-shipments rose 3.9 percent and 10.6 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 airport.

"Barring unforeseeable events, 2012 should end better than expected. The slow but steady recovery in our figures gives us reason to believe that 2013 trends should continue positively, and that we are back to sustained - if modest - overall industry growth again," Hactl's executive director Lilian Chan said in a statement.

(Reuters)

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