EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 06

📌Weekly Logistics Highlights:

The news highlights this week include:The United States has imposed a 10% tariff on imports from Hong Kong as the trade war escalates. Shanghai Airlines has launched a route between Shanghai and Casablanca, Morocco. The Port of Chattogram in Bangladesh is witnessing a surge in container cargo due to increases in imports and ready-made garment exports...

Hong Kong, China

🔹 U.S. Imposes 10% Tariff on Hong Kong Imports Amid Trade War Escalation

On February 5, 2025, the U.S. announced an additional 10% tariff on imports from Hong Kong, aligning it with similar measures against mainland China amid escalating Sino-U.S. trade tensions. Effective February 4, 2025, these tariffs, imposed under the International Emergency Economic Powers Act, are justified by national security concerns and will remain until the U.S. President resolves the national emergency. While temporary agreements have delayed tariffs for Canada and Mexico, no such relief applies to China or Hong Kong, prompting China to plan retaliatory actions and raising fears of broader global trade disruptions, including potential tariffs on the European Union.

Shenzhen, China

🔹Export Surge at Shenzhen's Yantian Port Amid Tariff Concerns and Chinese New Year Rush

Exporters are rushing to ship cargo from Shenzhen’s Yantian Port before the eight-day Chinese New Year holiday starting January 28, amid concerns over potential US tariffs on Chinese goods. Yantian, a major container port, increased its daily container quota by 15% to handle the surge, but congestion has led to significant delays and rising trucking fees. The situation is exacerbated by US President Trump's discussions of a 10% punitive duty on Chinese imports, prompting factories to expedite shipments before the holiday.

Guangzhou, China

🔹Guangzhou Transportation Sector Sees Robust Growth in 2024: Passenger and Cargo Volumes Surge

In 2024, Guangzhou's transportation sector demonstrated significant growth in both passenger and cargo volumes, leveraging its position as a transportation hub to enhance domestic and international routes. Passenger traffic reached 332 million, a 9% increase from the previous year, with air and rail travel growing by 15.3% and 11.1%, respectively. Guangzhou Baiyun Airport set new records with over 76 million passengers, marking a 20.9% increase.Cargo transport, while initially affected by weak consumer demand, began to recover in the latter half of the year, culminating in a total cargo volume of 951 million tons, up 2.4%. Different transport modes saw varied growth rates, with air freight up by 13.8%. Guangzhou Port also upgraded its infrastructure, handling 687 million tons of goods and 26.45 million TEUs, both maintaining a strong global standing. The express delivery sector thrived, processing 14.25 billion packages, a 21.9% increase.

Shanghai, China

🔹Shanghai Airlines inaugurated the air connection between Shanghai and Casablanca, Morocco

On January 19, Shanghai Airlines launched a new direct route from Shanghai to Casablanca, Morocco, marking it as the first Chinese airline to establish this connection. The flight operates three times a week and aims to enhance economic and cultural ties between China and Morocco, promoting trade and tourism as part of the Belt and Road Initiative. The service features a Boeing 787-9 and offers amenities like business class and in-flight Wi-Fi, while Shanghai Airlines plans to further expand its international route network in the future.

Tianjin, China

🔹Tianjin Port Group Aims for Smart and Green Upgrade in 2025

This year, Tianjin Port Group is committed to upgrading to a smart green hub port, achieving a container throughput of 1.983 million TEUs in January, a year-on-year increase of 5.3%. The port has opened several new routes, facilitating the development of both domestic and foreign trade and enhancing logistics efficiency. During the Spring Festival, 323 vessels were unloaded, showcasing the vitality and potential of the port economy. The goal of Tianjin Port Group is to exceed a cargo throughput of 500 million tons and promote deep integration between the port and the city to support the Belt and Road Initiative.

Qingdao, China

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Vietnam

🔹Strong Export Performance and Strategic Initiatives During the 2025 Tet Holiday

Export activities remained strong during the 2025 Tet holiday, with strategic measures implemented to boost exports to China. The Lao Cai international border gate operated smoothly, even with other border gates temporarily closed, prioritizing agricultural product clearance. In Ho Chi Minh City, Saigon Newport Corporation efficiently handled cargo operations at Cat Lai Port, receiving multiple container ships and significantly contributing to the city's export revenue, projected to exceed $46 billion. The company is also diversifying its business and aiming for a 5% increase in revenue, with logistics services expected to grow by over 15%.

South Korea

🔹Korean Air Cargo Extends Partnership with Vienna Airport to Strengthen European Hub Status

Korean Air Cargo has extended its partnership with Vienna Airport for another four years, reaffirming their successful collaboration since 2004. This extension, running until the end of 2028, highlights the trust and cooperation between the two entities to enhance cargo handling between Seoul and Vienna, positioning Vienna as a leading European cargo hub. Both companies plan to implement joint marketing initiatives and optimize services for freight forwarders, further strengthening their connection and addressing the growing demand for air cargo services.

America

🔹New US Tariff Pressures Hong Kong Manufacturers, Accelerating Relocation to Southeast Asia

The new 10% tariff imposed by the US on products from mainland China and Hong Kong could drive manufacturers to relocate to Southeast Asia, despite the Hong Kong government's efforts to minimize its impact. This increase brings the total tariff burden to about 40%, particularly affecting electronic manufacturers and threatening the already slim profit margins of Hong Kong's small and medium-sized enterprises, which have struggled to diversify away from dependence on the American market.

Bangladesh

🔹Chattogram Port Sees Surge in Container Cargo Amid Rising Imports and Garment Exports

In January, container cargo imports and exports through Chattogram port saw significant growth, driven by increased imports ahead of Ramadan and a rise in export orders for ready-made garments. Exports rose by 18.23% year-on-year to 75,234 TEUs, while imports reached a seven-month high of 124,039 TEUs, reflecting a 10.66% increase from the previous year. The garment sector, which constitutes a large portion of imports, is expected to continue recovering, with experts noting a potential shift in orders from China due to U.S. tariff increases.

Myanmar

🔹Crisis at Teknaf Land Port: Conflict in Myanmar Halts Cargo Operations and Revenue Plummets

The ongoing conflict in Myanmar, particularly the seizure of cargo vessels by the Arakan Army, has caused a significant slowdown at the Teknaf land port in Cox's Bazar, with ship arrivals plummeting from over 20 per day to just one or two per week. This has led to a dramatic decline in revenue, with customs earnings dropping from over Tk3 crore daily to nearly zero, severely impacting port operations and local import-export activities.

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