EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 50

📌Weekly Logistics Highlights:

The news highlights this week include:Shenzhen's Yantian Port expands global reach with increased throughput in 2024, Tianjin Port Acquires Advanced Transport Trucks for Efficiency,South Korea to safeguard competition after Korean Air and Asiana merger...

 Hong Kong, China

🔹Hong Kong airport named best aviation cargo hub in Asia-Pacific for third year running

 Shenzhen, China

🔹Shenzhen's Yantian Port expands global reach with increased throughput in 2024

Yantian Port in Shenzhen is vital to the global supply chain, handling over a third of Guangdong Province's foreign trade. With nearly 100 shipping routes connecting to various destinations worldwide, the port has introduced 18 new routes in 2024, enhancing options for Chinese businesses. In the first eight months of the year, container throughput rose by 12% to 9.66 million TEUs, with a 14.9% increase in vessel movements and a 13.7% rise in cargo throughput to 37.94 million tonnes.

 Guangzhou, China

🔹China Southern General Aviation will provide helicopter charter services between Guangzhou and Hong Kong

The Deputy Secretary for Financial Services, Paul Chan, announced that he and the Secretary for Transport and Logistics, Lam Sai-hung, held an online meeting with the Chairman of China Southern General Aviation, Li Erbao, to discuss the development of cross-border helicopter services. They welcomed the upcoming helicopter charter service between Guangzhou Baiyun Airport and Hong Kong International Airport, marking the first commercial service of its kind, which will significantly enhance connectivity between Hong Kong and Guangdong. The service, which will take just 45 minutes, follows successful test flights conducted in September, and the government plans to support further expansion of cross-border helicopter services to strengthen air traffic links in the Greater Bay Area.

 Shanghai, China

🔹Shanghai pushes M&As for high-quality economic growth

Shanghai is focusing on developing pioneering industries to drive innovation and high-quality economic growth, as highlighted in a new action plan aimed at restructuring listed companies from 2025 to 2027. The plan includes 12 measures to support mergers and acquisitions (M&As) in key sectors such as integrated circuits, biomedicine, and new materials, targeting around 300 billion yuan in M&A deals to create competitive industry leaders. The initiative is expected to enhance the capital market and encourage substantial growth for private equity and venture capital in the city, while also promoting the transformation of traditional industries through strategic consolidations.

 Tianjin, China

🔹Tianjin Port Acquires Advanced Transport Trucks for Efficiency

 Qingdao, China

🔹Qingdao Port sets new automated terminal record

The automated container terminal at Qingdao Port achieved a productivity record of 60.6 TEUs per hour during an unloading task, marking the 11th world record for automated terminal efficiency. Since its opening in May 2017, the terminal has consistently improved, with a 6% year-on-year increase in efficiency and a 15% rise in cargo throughput compared to 2023, allowing it to exceed last year's total throughput 43 days early. Following recent upgrades to its intelligent control system, the terminal is poised to enhance operational efficiency by an additional 6.3%. Qingdao Port is now the fourth-largest port globally by cargo throughput and the second-largest in China for foreign trade, handling over 23.16 million TEUs in the first three quarters of 2024.

 Vietnam

🔹Vietnam Cold Chain Market Size and Challenges 2025 Growth, Industry Demand, Top Players Strategy, Size-Share Estimation and Forecast Report till 2033

Vietnam's cold chain market is experiencing significant growth, driven by urbanization, lifestyle changes, and increased domestic consumption of processed foods. The demand for Quick Service Restaurants (QSRs) and pharmaceuticals, particularly vaccines, is further fueling this expansion. With over 90 players in the market, including key companies like Arctic Fox and Lotte Global, the sector is characterized by high fragmentation and a growing emphasis on logistics infrastructure. The cold storage segment accounted for 88% of industry revenue in 2021, and future growth is expected to be robust, particularly in the meat, seafood, and pharmaceutical sectors, with a projected CAGR indicating a strong upward trend.

 South Korea

🔹South Korea pledges $9.75 bln to expand Busan Port

South Korea's oceans ministry announced a $9.75 billion investment plan to upgrade Busan Port by 2045, aiming to enhance its container handling capacity and establish it as a leading logistics hub in the region. The plan includes constructing a new port in Changwon, which will integrate with the existing Busan Port to create a "mega port" with double the current cargo capacity, accommodating 66 vessels and extending the total berth length. Additionally, the initiative will incorporate carbon-free renewable energy facilities to support sustainable maritime logistics amidst geopolitical uncertainties.

🔹South Korea to safeguard competition after Korean Air, Asiana merger

South Korea will support smaller airlines and monitor market competitiveness following Korean Air's acquisition of a 1.8 trillion won (S$1.7 billion) stake in Asiana Airlines, making it a subsidiary. This acquisition creates one of Asia's largest carriers, with the expanded Korean Air group expected to account for over half of South Korea's passenger capacity and rank as the world's 12th-largest airline by international capacity, alongside China's top state-owned carriers.

 America

🔹US opens investigation into Spain's reported port denials of cargo ships carrying arms to Israel

The United States has launched an investigation into Spain's alleged denial of port entry to cargo vessels transporting U.S. weapons to Israel. The Federal Maritime Commission expressed concerns that this policy could negatively impact shipping and international trade, potentially leading to fines of up to $2.3 million per voyage if Spain is found to have interfered. This investigation follows incidents where Spain, citing peace efforts, refused entry to vessels, including a Danish-flagged ship carrying arms to Israel, as part of a broader policy against arms shipments to the region.

 Bangladesh

🔹ADB approves $600 million budget support to Bangladesh

The Asian Development Bank (ADB) is providing a $600 million policy-based loan to Bangladesh to support structural reforms aimed at improving domestic resource mobilization, public investment efficiency, private sector development, and governance. The loan addresses Bangladesh's urgent development financing needs following a political transition and targets enhancing economic management, competitiveness, and transparency. Key initiatives include digitalization, rationalizing tax incentives, and promoting private sector growth, while also facilitating reforms in the logistics sector to reduce trade costs and encourage export diversification.

 Myanmar

🔹Myanmar Economy to Shrink Further in 2025, World Bank Says

Myanmar’s economy is projected to contract by 1% in the fiscal year ending March 2025, reflecting ongoing conflict and significant challenges such as natural disasters, high inflation, and currency depreciation, according to the World Bank's latest outlook. The report highlights the severe impacts of armed conflict, particularly from the Three Brotherhood Alliance's recent offensives, which have led to widespread displacement and disrupted supply chains. With about 14.3 million people facing acute food insecurity and increasing migration as a coping mechanism, the long-term economic outlook remains bleak, with risks of further declines due to potential escalations in conflict or natural disasters.

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