HACTL Development Holdings Ltd (HDHL) – the business development arm of the Hactl Group – has announced the company has entered into a Memorandam of Understanding (MoU) with Chu Kong Shipping Enterprises (Group) Co., Ltd. (CKS), a Hong Kong listed company.
CKS’ operations include the management of a high-speed passenger ferry fleet in Hong Kong as well as an inland terminal in the Pearl River Delta region, with bases covering 20 cities, including Zhaoqing, Qingyuan, Foshan, Guangzhou and Jiangmen. Additionally, it manages and operates several bulk cargo berths in the Hong Kong Public Cargo Working Areas, and owns a private wharf in Tuen Mun together with more than twenty cargo terminals in the PRD region, through its subsidiaries.
According to the announcement, the objective of the MoU is to explore the joint development of logistics links and infrastructure in and around Hong Kong International Airport and the PRD region, supporting the air cargo sector. The cooperation aims to leverage CKS’ comprehensive logistics network, and Hactl’s air cargo terminal experience.
CKS and Hactl, through its Hacis subsidiary, have a long history of cooperation and were formerly partners in Hong Kong’s Marine Cargo Terminal.
Following the signing of the MoU, CKS and Hactl are expected to form a working group whose first task will be to conduct a feasibility study focusing on opportunities within Hactl’s existing air cargo business in HKIA, and CKS’ logistics business in Hong Kong and the PRD region.
Xiong Gebing, Chairman / Managing Director of CKS, said, “This MoU with HDHL provides us with a welcome opportunity to work more closely with the leading force in air cargo handling in Hong Kong.” He added, “This new agreement will see us diversify and develop our group’s logistics activities, while helping to underpin the status of Hong Kong International Airport as the world’s largest air cargo hub.”
Source: HACTL Development Holdings