Cathay Pacific opens new Hong Kong cargo terminal
Cathay Pacific Services Limited (CPSL) has unveiled the fully-operated Cathay Pacific Cargo Terminal at Hong Kong International Airport.
A grand opening ceremony was attended by special guests from a number of government departments, representatives from the Liaison Office of the Central Peoples Government in Hong Kong, the Airport Authority Hong Kong and Civil Aviation Department, business partners and friends from the airfreight industry.
The event was officiated by Cathay Pacific Airways Chief Executive, John Slosar, with the Honourable Leung Chun-ying, Chief Executive of the Hong Kong Special Administrative Region, as guest of honour.
Cathay Pacific Chief Executive John Slosar said: "Cathay Pacific has worked tirelessly to develop the Hong Kong hub for both passengers and air cargo, and we continue to make huge investments - in the terminal and in new aircraft - that will boost our city's competitive edge.
“The Cathay Pacific Cargo Terminal is one of the world's biggest, and also most sophisticated, and will help to sustain Hong Kong's position as a preferred air cargo hub in the region.
“We believe the combination of this new terminal, our growing fleet and the professionalism of Hong Kong's logistics community will help to provide a flexible and dynamic logistics solution for Hong Kong's airfreight industry, and this is very important given the growing competition from other hubs around the region."
CPSL Chief Executive Officer Algernon Yau said: "Efficiency and reliability have always been the cornerstones of airfreight industry. Combined with advanced technology and dynamic team, the Cathay Pacific Cargo Terminal is established to add simplicity and flexibility to meet the increasingly demanding customers' needs.
“It is our ultimate goal to ensure all customer experience is outstanding."
CPSL launched the services of this HK$5.9 billion facility with a phased approach beginning in February 2013, ensuring a smooth transition for the customers. In October 2013, the terminal has successfully moved into full operation, providing a broad spectrum of logistics solutions for the air freight industry.
Combining advanced technology and streamlined workflows, Cathay Pacific Cargo Terminal creates new service benchmarks for the industry. Customers will benefit from extended cut-off times, last-minute cargo acceptance and a reduced connection time for transhipment. This is a common air cargo facility serving all airlines operating at the Hong Kong International Airport.
The new terminal has an annual handling capacity of 2.6 million tonnes and will help boost the competitiveness of the Hong Kong. Around 1,800 jobs have been created to support the operation in achieving unparalleled efficiency and service innovation.
Cathay Pacific Services Limited
Cathay Pacific Services Limited is a wholly owned subsidiary of Cathay Pacific Airways Limited. The Company was formed in January 2008 and was awarded a 20-year franchise by Airport Authority Hong Kong in March 2008, to design, build and operate a new cargo terminal at the Hong Kong International Airport - the Cathay Pacific Cargo Terminal.
Biden establishes Supply Chain Disruptions Task Force
The US government is to establish a new body with the express purpose of addressing imbalances and other supply chain concerns highlighted in a review of the sector, ordered by President Joe Biden shortly after his inauguration.
The Supply Chain Disruptions Task Force will “focus on areas where a mismatch between supply and demand has been evident,” the White House said. The division will be headed up by the Secretaries of Commerce, Transportation, and Agriculture, and will focus on housing construction, transportation, agriculture and food, and semiconductors - a drastic shortage of which has hit some of the US economy’s biggest industries in consumer technology and vehicle manufacturing.
“The Task Force will bring the full capacity of the federal government to address near-term supply/demand mismatches. It will convene stakeholders to diagnose problems and surface solutions - large and small, public or private - that could help alleviate bottlenecks and supply constraints,” the White House said.
In late February, President Biden ordered a 100 day review of the supply chain across the key areas of medicine, raw materials and agriculture, the findings of which were released this week. While the COVID-19 health crisis had a deleterious effect on the nation’s supply chain, the published assessment of findings says the root cause runs much deeper. The review concludes that “decades of underinvestment”, alongside public policy choices that favour quarterly results and short-term solutions, have left the system “fragile”.
In response, the administration aims to address four key issues head on, strengthening its position in health and medicine, sustainable and alternative energy, critical mineral mining and processing, and computer chips.
Support domestic production of critical medicines
- A syndicate of public and private entities will jointly work towards manufacturing and onshoring of essential medical suppliers, beginning with a list of 50-100 “critical drugs” defined by the Food and Drug Administration.
- The consortium will be led by the Department of Health and Human Services, which will commit an initial $60m towards the development of a “novel platform technologies to increase domestic manufacturing capacity for API”.
- The aim is to increase domestic production and reduce the reliance upon global supply chains, particularly with regards to medications in short supply.
Secure an end-to-end domestic supply chain for advanced batteries
- The Department of Energy will publish a ‘National Blueprint for Lithium Batteries’, beginning a 10 year plan to "develop a domestic lithium battery supply chain that combats the climate crisis by creating good-paying clean energy jobs across America”.
- The effort will leverage billions in funding “to finance key strategic areas of development and fill deficits in the domestic supply chain capacity”.
Invest in sustainable domestic and international production and processing of critical minerals
- An interdepartmental group will be established by the Department of Interior to identify sites where critical minerals can be produced and processed within US borders. It will collaborate with businesses, states, tribal nations and stockholders to “expand sustainable, responsible critical minerals production and processing in the United States”.
- The group will also identify where regulations may need to be updated to ensure new mining and processing “meets strong standards”.
Partner with industry, allies, and partners to address semiconductor shortages
- The Department of Commerce will increase its partnership with industry to support further investment in R&D and production of semiconductor chips. The White House says its aim will be to “facilitate information flow between semiconductor producers and suppliers and end-users”, improving transparency and data sharing.
- Enhanced relationships with foreign allies, including Japan and South Korea will also be strengthened with the express proposed of increasing chip output, promoting further investment in the sector and “to promote fair semiconductor chip allocations”.