Hong Kong Air Cargo Terminals Limited (Hactl) has secured a contract with Hungary Airlines, marking its first carrier partnership of 2025. Hungary Airlines has launched scheduled services between Budapest and Hong Kong using A330F aircraft, and Hactl will provide comprehensive cargo handling services. Positioned as a growing e-commerce hub, Budapest allows Hungary Airlines to connect Greater China with the EU, with future plans to expand services to the USA and Middle East as their fleet grows.
The Power of Logistics to Move the World!
It's the Power of extrans.
EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 11 -2025
📌Weekly Logistics Highlights:
The news highlights this week include:Hactl collaborates with Hungarian Airlines, SF Airlines launches a new route, and freight rates from Shanghai to the United States significantly decrease...
Hong Kong, China
🔹Hactl Partners with Hungary Airlines to Enhance Cargo Services between Budapest and Hong Kong
Shenzhen, China
🔹SF Airlines Launches New Route to Strengthen Cargo Connections Between China and India
Guangzhou, China
🔹China Railway Guangzhou Group Sees Growth in Freight Volume and Expands International Rail Network in 2024
In 2024, China Railway (CR) Guangzhou Group achieved a freight volume of over 120 million tons, marking a 3.6% increase from the previous year due to enhanced logistics efficiency and cost reductions. The group launched new international rail routes connecting southern China to Africa, Europe, and Southeast Asia, increasing its China-Europe and China-Central Asia routes to eight. Additionally, it completed 22 logistics hubs and invested in smart inspection and automated safety systems to improve security and efficiency, while also introducing logistics package services to further reduce costs for businesses.
Shanghai, China
🔹February Air Cargo Market Sees Sharp Decline in Shanghai-US Rates Amid E-Commerce Uncertainties
Tianjin, China
🔹Tianjin Port Plans Major Expansion to Strengthen Its Role in Global Trade by 2035
Qingdao, China
🔹Huanghai Shipbuilding Delivers New Pulp Carrier COSCO Shipping Ruyi to Qingdao Intercontinental Shipping
China's Huanghai Shipbuilding has delivered a new pulp carrier, COSCO Shipping Ruyi, to Qingdao Intercontinental Shipping, which will be operated under charter by COSCO Shipping. The vessel, measuring 201.8 meters in length and with a gross tonnage of 40,350, features a box-type cargo hold designed primarily for transporting wood pulp, but it can also carry various other cargo types. Equipped with dehumidification systems and compliant with IMO Tier III NOx emissions standards, the ship enhances operational efficiency and cargo quality.
Vietnam
🔹Expansion of Air Routes to Da Nang Highlights Growing Connections Between Kazakhstan and Vietnam
Air Astana will launch a regular Almaty-Da Nang route starting June 4, increasing weekly flights to Vietnam to nine, alongside SCAT Airlines' upcoming Astana-Da Nang route. This expansion reflects growing cooperation between Kazakhstan and Da Nang, following a recent Memorandum of Understanding. Additionally, various airlines, including Cebu Pacific and Vietnam Airlines, are enhancing flight connections to Da Nang, which hosted 13.4 million passengers in 2024 and operates 24 direct routes, 16 of which are international.
South Korea
🔹Korean Air Focuses on Quality-Driven Growth and Safety Post-Asiana Merger, Unveils New Logo
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
🔹U.S. Trade Policy Shifts Create Uncertainty and Disruption in Global Supply Chains
Recent U.S. trade policy changes, including President Trump's fluctuating tariffs on imports from Mexico and Canada, have created significant disruption and uncertainty in the global supply chain. The initial announcement of 25% tariffs sent shockwaves through the logistics industry, but subsequent suspensions have affected a large portion of imports, particularly in automotive and agricultural sectors. This uncertainty has led shippers to adopt a cautious approach, with some frontloading shipments in anticipation of further tariff increases, resulting in higher ocean import volumes. However, a decline in demand is expected later in the year, potentially softening the peak shipping season.
Bangladesh
🔹Government Approves Import of LNG Cargos Amid High Demand and Rising Prices
The government's advisory committee approved the import of two liquefied natural gas (LNG) cargos, with Total Energies supplying one at $15.73 per unit and Gunvor Singapore providing another at $15.47 per unit, marking the 10th and 11th LNG cargos for the year. Finance adviser Salehuddin Ahmed noted that the decision was driven by high demand for power during the summer, despite rising prices. Additionally, the committee approved a joint venture for a water treatment plant project and a local tender for purchasing lentils and urea fertilizer.
Myanmar
🔹Myanmar's Rice Exports Surpass 2.37 Million Tons in 11 Months, Generating Over $1 Billion
Myanmar's rice exports exceeded 2.37 million tons in the first 11 months of the 2024-25 fiscal year, earning $1.09 billion, as reported by the Myanmar Rice Federation. This included over 129,452 tons exported in February alone, with shipments sent to more than 30 countries via both sea and land routes. In comparison, the previous fiscal year saw exports of over 1.6 million tons, generating $845 million in revenue.
Share this article :
top