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Although geopolitical
issues can produce
headwinds, they can
HKIA, a global leader in cargo volume 100 airline companies and 1,000 freight
also spell opportunity – handled, boasts a network of advanced forwarders. Launched in 1976, its base,
as we are already seeing cargo terminals handling diverse goods SuperTerminal 1, is Hong Kong’s largest
cargo handling facility with an annual
like perishables and pharmaceuticals.
from current ocean Major cargo handling companies operat- design capacity of 3.5 million tonnes. Be-
ing at HKIA include Hong Kong Air Cargo yond providing terminal space, HACTL is a
services disruption in Terminals Limited (HACTL), Asia Airfreight key player in the city's air cargo efficiency.
the Red Sea, leading to Terminal (AAT), Cathay Cargo Terminal The terminal handles all cargo types, from
general goods to perishables, and pro-
(CCT), DHL Central Hub, and the Air
a modal switch to air Mail Centre. This efficiency is bolstered vides ground support services for airlines.
by HKIA's existing two runways, with a They also handle customs documentation,
cargo for speed and third under construction for a projected minimising delays. As industry leaders,
security reasons. For 30% capacity increase upon completion they embrace technology like auto-
mated vehicles and prioritise sustainability
in 2024. Additionally, HKIA's air traffic
Hong Kong, the future management system minimises delays for through practices like electric vehicles and
time-sensitive cargo shipments. energy-efficient equipment. This combina-
looks even better. This ongoing expansion, known as the tion of experienced workforce, compre-
Three-Runway System (3RS), includes a hensive services, and commitment to
Wilson Kwong new runway, terminal expansion, and innovation solidifies Hong Kong's leading
HACTL
infrastructure upgrades. By 2024, the com- position in global air cargo.
ment contribute to a business-friendly pleted 3RS is projected to allow HKIA to To maintain Hong Kong’s competitive-
environment that attracts foreign invest- handle 10 million tonnes of cargo annually, ness as a trading and logistics hub, the
ment and fosters trade, further solidifying signifying a significant increase from the government of the Hong Kong Special
its position as the air cargo hub of Asia. 4.2 million tonnes handled in 2022. Administrative Region has also introduced
Hong Kong's air cargo dominance HACTL is Hong Kong’s largest inde- a Trade Single Window (TSW) to provide a
stems from its world-class infrastructure. pendent cargo handler, serving more than one-stop electronic platform for the trading
www.stattimes.com | MARCH 2024 11

