EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 10 -2025

📌Weekly Logistics Highlights:

The news highlights this week include:The Vietnamese e-commerce market is expected to reach $26.17 billion by 2030. Korean Air has been approved to sell its cargo business to Incheon Airlines for $342 million. The United States is escalating retaliatory tariffs...

Hong Kong, China

🔹Hong Kong air cargo rates remain firm in February

In February, airfreight rates from Hong Kong remained higher than last year, with rates to North America averaging $5.37 per kg, despite a month-on-month decline. This drop aligns with the timing of the Lunar New Year holiday, which affects shipping patterns. Although the U.S. has introduced tariffs on Chinese goods, the market has shown resilience, with demand from the Asia Pacific rebounding towards pre-holiday levels. Rates from Europe to North America have also increased significantly, reflecting seasonal trends in air travel.

Shenzhen, China

🔹Emirates adds new routes to Shenzhen

Emirates is enhancing its cargo capacity by launching daily non-stop flights between Dubai and Shenzhen starting July 1, 2025, which will significantly improve global market access for Shenzhen's high-value technology exports. This expansion not only strengthens economic ties between the UAE and China but also supports the city's growing cargo infrastructure, facilitating the transportation of advanced electronics and e-commerce goods, with Emirates set to carry 10 tonnes of cargo per flight.

Guangzhou, China

🔹Guangzhou Port Achieves Significant Growth in January 2025, Enhancing Industrial Modernization and Logistics Efficiency

In January 2025, Guangzhou Port significantly contributed to the modernization of the industrial system, achieving a 13.6% year-on-year increase in cargo throughput and a 17.6% rise in foreign trade containers. The Nansha Port area excelled, with a 22.2% year-on-year increase in foreign trade container throughput, bolstered by new international shipping routes. The port also advanced paperless processes for import orders, enhancing efficiency in foreign trade. Overall, various logistics services, including sea-rail transport, showed strong growth, supporting the stability and competitiveness of the regional industrial supply chain, especially during the Spring Festival when throughput continued to rise.

Shanghai, China

🔹“QianKai-Shanghai” Shipping Route: An Emerging Channel for Promoting China-Peru Trade

As a landmark project of the Belt and Road Initiative between mainland China and Peru in South America, the “QianKai-Shanghai” shipping route has completed 27 voyages since its launch, with a total of 22,000 tons of import and export goods valued at 610 million RMB. This route has significantly shortened the shipping time from Peru to China from the previous 30-40 days to about 23 days, saving over 20% in logistics costs and further promoting China-Peru trade, especially for Peruvian agricultural products like blueberries and avocados. Additionally, QianKai Port, as South America's first smart port, is expected to bring substantial revenue and job opportunities to Peru and become a transshipment hub for trade between South America, China, and East Asia.

Tianjin, China

🔹Tianjin Binhai New Area: Driving Openness and Foreign Investment for Modernization

Tianjin Binhai New Area's Chief, Shan Zefeng, emphasized that openness-driven reforms are crucial to China's modernization. The region has attracted over 5,000 foreign-funded enterprises and achieved nearly 600 billion yuan in annual trade, with a significant growth in service trade. This year, Binhai plans to enhance foreign investment and trade through targeted measures, focusing on expanding cooperation, integrating international markets, and improving services. Key initiatives include advancing the Free Trade Zone, creating logistics corridors, and optimizing the business environment to support high-quality development in foreign trade and investment.

Qingdao, China

🔹Qingdao Launches Low-Altitude Drone Logistics Route, Revolutionizing Island Transportation

A new low-altitude drone logistics route in Qingdao, launched on February 27, enables goods to be transported between Jimiya Wharf and Lingshan Island in just 10 minutes, significantly reducing delivery time by nearly 80% compared to traditional boat transport. This development enhances the local low-altitude economy and provides greater convenience for island residents, who previously faced disruptions due to adverse weather conditions.

Vietnam

🔹Vietnam's E-Commerce Market Set for Rapid Growth: Projected to Reach USD 26.17 Billion by 2030

The Vietnamese e-commerce market is expected to grow from USD 16.18 billion in 2025 to USD 26.17 billion by 2030, with a compound annual growth rate (CAGR) of 10.09%. This growth is driven by increased internet access, smartphone usage, and a shift towards cashless payments, supported by government initiatives to modernize the economy and enhance financial inclusion. The young, tech-savvy population and significant investments in logistics and digital infrastructure are further accelerating the expansion of this rapidly growing market.

South Korea

🔹Asiana Airlines Secures Approval to Sell Cargo Business to Air Incheon for $342 Million

Asiana Airlines has received final shareholder approval to sell its cargo business to Air Incheon for $342 million, a move required by the European Union as part of Korean Air's acquisition of Asiana. The transaction, which includes 10 Boeing 747 freighters, one Boeing 767 freighter, and around 800 employees, is set to be finalized by June 10. This sale follows a series of regulatory approvals and delays due to the COVID-19 pandemic, aimed at maintaining competition in the air cargo market between Europe and South Korea.

America

🔹Retaliatory Tariffs Escalate as U.S. Trade Tensions with Mexico, Canada, and China Intensify

Retaliatory tariffs on U.S. goods have begun as the effects of Trump's tariffs on Mexico, Canada, and China take hold. The White House announced new tariffs on imports from Mexico and Canada, and an increase on certain Chinese goods, while China imposed a 10% tariff on various U.S. products, including beef and pork. President Trump indicated a pause on new tariffs from Mexico until April 2 after discussions with Mexican President Claudia Sheinbaum, while Canada plans to implement 25% tariffs on U.S. goods worth C$30 billion if U.S. tariffs are not rescinded. South Korean officials responded to Trump's claims about their tariffs, clarifying that their effective rates for U.S. imports are significantly lower due to trade agreements. The U.S. Meat Export Federation expressed disappointment over the ongoing tariff disputes, highlighting the impact on U.S. red meat exports to these key markets.

Bangladesh

🔹Bangladesh Resumes Direct Trade with Pakistan After 54 Years: A Historic Rice Shipment Marks New Maritime Relations

Bangladesh has resumed direct trade with Pakistan for the first time in over 50 years, with a shipment of 50,000 tonnes of rice departing from Port Qasim under a deal between the two countries. This development follows improved bilateral relations after an interim government took power in Bangladesh, and marks a significant milestone in maritime trade, as a Pakistani vessel carrying government cargo will dock at a Bangladeshi port for the first time since independence in 1971. Bangladesh is purchasing 75,000 tonnes of white rice at a higher price than what it pays for imports from Vietnam.

Myanmar

🔹India and Myanmar Aim to Revive Border Trade: Focus on Infrastructure and Security

India and Myanmar have emphasized the need to resume border trade through roads and agreed to take necessary steps during a meeting between their commerce ministers. They discussed enhancing cooperation in sectors like pharmaceuticals and petroleum, and the use of the new Rupee-Kyat trade settlement mechanism. Both countries prioritize infrastructure development, highlighting projects like the Kaladan Multi-Modal Transit Transport Project and the India-Myanmar-Thailand Trilateral Highway to improve connectivity. However, security concerns and recent conflicts have disrupted trade routes, prompting leaders to seek a balanced approach that ensures security while promoting economic activity.

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