EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 01

📌Weekly Logistics Highlights:

The news highlights this week include:Shanghai Airport's cargo throughput increased by 11% amid global network expansion, Hai Phong Port Joint Stock Company achieved its highest revenue in history in 2024 while expanding its infrastructure, and Chittagong Port recorded record growth in 2024 despite economic challenges...

Hong Kong, China

🔹Cathay Pacific Sees 15% Surge in Air Cargo Volumes in November, Driven by E-Commerce and Perishables

In November, Cathay Pacific experienced a 15% year-on-year increase in air cargo volumes, carrying 142,601 tonnes of cargo. Key drivers included perishables, machinery, and e-commerce, with cargo revenue tonne kilometres rising by 11.9%. From January to November, cargo tonnage grew by 10.9%, totaling 1,388,501 tonnes. The airline noted strong demand during the peak season, particularly from the Greater Bay Area, and anticipates positive financial results for the second half of the year due to sustained cargo demand and lower fuel prices.

Shenzhen, China

🔹China Airlines Plans New Fleet of Airbus and Boeing Aircraft to Enhance Long-Haul Services and Sustainability Goals

China Airlines plans to order ten Airbus A350-1000s, ten Boeing 777-9s, and four 777-8F freighters, with deliveries starting in 2029 to enhance long-haul passenger and cargo services to North America and Europe. The new fleet will feature advanced technologies for improved passenger comfort and operational efficiency, while the freighters will offer greater flexibility in response to cargo market trends. Committed to sustainability, the airline expects these new aircraft to reduce fuel consumption and carbon emissions by 25%, supporting its goal of achieving Net Zero by 2050.

Guangzhou, China

🔹Guangzhou Government Approves Enhanced Subsidies to Boost Aviation Transport Industry

The Guangzhou Municipal Government has approved revised measures to enhance the aviation transport industry, including significant changes to cargo transport subsidies. Notably, subsidies for charter flights to Europe and the U.S. have increased to 100% of scheduled flight standards, while those for other regions are now set at 80%. The subsidy for cargo planes over 100 tons has also risen to 3 million yuan per aircraft. Additionally, the focus has shifted from domestic cargo route subsidies to expanding international routes, with increased operational flight requirements and higher subsidy limits to encourage more airline activity.

Shanghai, China

🔹Shanghai Airports See 11% Growth in Cargo Throughput Amid Expanded Global Network

In 2024, Shanghai's airports experienced significant growth in cargo and mail throughput, which rose by 11% to reach 4.2 million tonnes. This increase was supported by the addition of 10 new destinations and higher flight frequency on existing routes, enhancing connectivity, particularly to countries involved in the Belt and Road Initiative. The overall number of flights from Shanghai also rose by 15%, contributing to improved operational efficiency, as evidenced by Pudong Airport's transfer rate reaching a record 15.7%. As a key aviation hub, Shanghai continues to strengthen its global network, facilitating both passenger and cargo transportation.

Tianjin, China

🔹Tianjin Port's Strategic Growth: Chilean Cherries and the Expanding Fresh Fruit Market

In December 2024, Tianjin Port received its first shipment of Chilean cherries, totaling 380 containers and 8,000 tonnes, reflecting its growing influence in the international fresh fruit trade and a significant increase in shipments driven by consumer demand for quality. The port has improved logistics efficiency by reducing container handling times, enhancing delivery to key markets, and expanding direct shipping routes to South America, which supports local economic development and presents new opportunities despite potential challenges in global logistics.

Qingdao, China

🔹Qingdao Port Sets New Records: Advancements in Automation and Productivity

Qingdao Port's automated container terminal achieved a world record productivity of 60.6 TEUs per hour during unloading, marking the 11th time it has set such a record. Since its opening in 2017, the terminal has consistently improved efficiency, with a 6% year-on-year increase in productivity and a 15% rise in cargo throughput in 2024. Recent upgrades to its intelligent control system are expected to enhance operational efficiency further. Now the fourth-largest port globally by cargo throughput, Qingdao Port continues to lead in both domestic and international shipping, recently achieving another record by unloading over 51,000 metric tons of pulp in 24 hours.

Vietnam

🔹Hai Phong Port JSC Achieves Record Revenue and Expands Infrastructure in 2024

Hai Phong Port JSC achieved record revenue of VND2.91 trillion ($114.3 million) in 2024, with cargo throughput reaching approximately 40 million tons and containerized cargo nearing 2 million TEUs. The company exceeded its revenue target and reported significant profit increases, with a 19% rise in net revenue in the first nine months. Additionally, Hai Phong Port formed two joint ventures for operating new international container terminals, which are expected to handle 1.1 million TEUs annually. A project to connect these terminals with a new road has also been approved, reflecting ongoing investment and development in the port's infrastructure.

South Korea

🔹T’Way Air to Resume Seoul-Zagreb Flights in Summer 2025

South Korean low cost carrier T’Way Air has confirmed it will resume flights between Seoul and Zagreb in the summer of 2025 following its first year of operations. Although tickets sales are yet to commence, the carrier told EX-YU Aviation News service between the two cities “will be restored during the first half of 2025”. During the 2024 summer season, the airline served the Croatian capital three times per week with its 347-seat Airbus A330-300 aircraft. Due to airspace restrictions over Russia, it flew to Zagreb with a technical stop in Bishkek, while the return service operated nonstop. T’Way Air carried 33.380 passengers on the route this year.

America

🔹Ports of Los Angeles and Long Beach Set for Record December and Annual Volumes Amid Tariff Concerns

The Port of Los Angeles is poised for its busiest December ever, expecting to surpass 900,000 TEUs, while also aiming for a total of 10 million TEUs this year. Meanwhile, the Port of Long Beach is on track for a record annual volume of 9.6 million TEUs. The increase in container traffic is attributed to businesses rerouting goods to California to avoid disruptions from labor disputes on the East and Gulf coasts, as well as concerns over potential new tariffs under President-elect Donald Trump.

Bangladesh

🔹Chittagong Port Achieves Record Growth in 2024 Despite Economic Challenges

In 2024, despite political unrest and recurrent floods, Chittagong Port achieved a record-breaking year with a 7.42% increase in container handling, totaling 3.276 million containers and 123.9 million tons of goods. The port generated Tk5,055.99 crore in revenue, a 21.39% rise from the previous year, and recorded a revenue surplus of Tk2,948.97 crore, up 37.60%. However, challenges such as a dollar crisis and import restrictions on luxury goods have impacted operations, reflecting a complex economic environment.

Myanmar

🔹World Bank Forecasts Continued Economic Contraction in Myanmar Amid Ongoing Conflict and Crisis

Myanmar's economy is projected to contract by 1% in 2025, according to the World Bank, following a year of intensified conflict that has weakened the military junta's control. The latest Myanmar Economic Monitor highlights a multifaceted crisis, including ongoing conflict, natural disasters, rapid currency depreciation, and high inflation, leading to significant challenges across all sectors. As a result, approximately 14.3 million people, or a quarter of the population, are facing acute food insecurity, exacerbated by rising food prices and supply shortages.

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