Hong Kong International Airport saw a 12.7% year-on-year increase in cargo volumes in October, reaching 442,000 tonnes, primarily driven by a 15.6% rise in export traffic. The airport is preparing to launch its three-runway system, which is expected to enhance capacity and attract more freighter carriers, marking a significant milestone for the aviation industry in Hong Kong. Cathay Pacific plans to expand its flight offerings, aligning with this development as the airport looks to embrace a new era of growth following the pandemic.
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EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 48
📌Weekly Logistics Highlights:
The news highlights this week include: Hong Kong Airport cargo volumes up as it readies for three-runway system launch,FedEx launches direct flight service between Guangzhou and Bengaluru,EU Confirms Compliance for Korean Air and Asiana Airlines Merger...
Hong Kong, China
🔹Hong Kong Airport cargo volumes up as it readies for three-runway system launch
Shenzhen, China
🔹Strengthening Cross-Boundary Connectivity: Hong Kong and Shenzhen Collaborate on Railway Infrastructure Projects
Delegations from the Hong Kong Special Administrative Region and Shenzhen held their third meeting of the Task Force for Hong Kong-Shenzhen Cooperation on Cross-Boundary Railway Infrastructure in Shenzhen. They discussed the progress of cross-boundary railway projects, including the Hong Kong-Shenzhen Western Rail Link and the Northern Link Spur Line, and agreed to establish an office to implement these projects and a legal group to address related legal issues. Secretary for Transport & Logistics Lam Sai-hung emphasized the importance of these projects for the transport backbone of the Northern Metropolis.
Guangzhou, China
🔹FedEx launches direct flight service between Guangzhou and Bengaluru
FedEx has launched a new direct flight service between Guangzhou and Bengaluru, enhancing connectivity for essential imports and boosting export capabilities to Europe and the USA. This expansion increases FedEx's operations in Bengaluru to 22 weekly flights, providing faster access to critical supplies like lithium-ion batteries and supporting various industries, including healthcare and e-commerce. The initiative aims to reduce transit times, streamline logistics, and strengthen South India's role in global trade, reflecting FedEx's commitment to meeting customer needs and supporting India's growth in the global supply chain.
Shanghai, China
🔹Alibaba combines e-commerce arms to tackle growing competition
Alibaba Group announced the integration of its domestic and international e-commerce platforms into a single unit called the Alibaba E-commerce Business Group, led by Jiang Fan. This new structure combines the Taobao and Tmall Group with the Alibaba International Digital Commerce Group, which includes AliExpress and Alibaba.com. The move aims to enhance Alibaba's competitiveness in a challenging market, where it faces pressure from emerging players like Pinduoduo and TikTok. Despite recent challenges, Alibaba's international division has seen significant growth, reporting a 29% increase in the latest quarter.
Tianjin, China
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Qingdao, China
🔹FedEx increases international cargo flight frequency from Qingdao to the United States
FedEx has announced the increase of international cargo flight frequency from Qingdao to the United States and the opening of the Qingdao International Port Operations Center to enhance its logistics network in China. This new route will improve transportation efficiency, shorten export times, and provide more flexible services for customers in the Shandong region.
Vietnam
🔹Chinese investors still moving to Vietnam, free of US tariffs for now, as Trump 2.0 looms
The increasing presence of Chinese manufacturers in Vietnam, particularly in response to U.S. tariffs on Chinese goods. Since 2018, many Chinese companies have established or expanded operations in Vietnam, benefiting from the country's pro-manufacturer policies, low labor costs, and strategic location. As a result, Vietnam has seen significant foreign investment, especially from China, with a shift towards higher value-added industries like consumer electronics. However, concerns remain about potential tariffs on Vietnam itself under the new U.S. administration, which could impact the attractiveness of the country for foreign investments.
South Korea
🔹EU Confirms Compliance for Korean Air and Asiana Airlines Merger, Final Approval Still Pending
Korean Air has received final approval from the European Union for its merger with Asiana Airlines, following the divestment of four European routes to low-cost carrier T'way Air and the sale of Asiana's cargo business to Air Incheon. The European Commission approved the 1.8 trillion-won (US$1.4 billion) deal after a nine-month review of the proposed remedies to address competition concerns. This merger aims to create the world's 10th-largest airline by fleet size and consolidates significant market share at Incheon International Airport, where the two airlines collectively hold 40% of passenger and cargo slots.
America
🔹Boeing: Air cargo traffic to double by 2043 as emerging markets drive growth
Boeing projects that air cargo traffic will double by 2043, with an average annual growth rate of 4%, driven by emerging markets and the growth of manufacturing and e-commerce. According to the 2024 World Air Cargo Forecast, the global air cargo fleet is expected to increase significantly, reaching 3,900 aircraft by 2043, with notable demand in East and South Asia. Express carriers are also anticipated to expand their market share from 18% to 25%, fueled by the rising importance of e-commerce and enhanced distribution networks.
Bangladesh
🔹Historic Direct Cargo Ship Route Opens Between Pakistan and Bangladesh
The first cargo ship to sail directly from Pakistan to Bangladesh in decades successfully unloaded its containers at Chittagong port, marking a significant step in rebuilding trade relations between the two countries. The Panama-flagged vessel, Yuan Xiang Fa Zhan, transported goods including raw materials for Bangladesh's garment industry and basic foodstuffs. Following the easing of import restrictions on Pakistani goods, this direct shipping route is expected to create new business opportunities for both nations.
Myanmar
🔹China Suspends All Cargo Imports at Wa Border Gates, Affecting Essential Goods
China has suspended all cargo imports at the Wa border gates, according to reports from the Wa Voice Network. This decision, confirmed by officials from the United Wa State Party, follows initial restrictions at specific gates and has now expanded to all crossings into the Wa autonomous region, affecting essential goods like fuel and construction materials. Currently, only the movement of people and vegetables is allowed, while cargo transport remains halted, prompting warnings from local authorities against price gouging and misinformation.
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