Airfreight rates from Hong Kong remained steady in March, staying above last year's levels despite a slight decline to $5.29 per kg for North America and a modest increase to $4.39 per kg for Europe. The Baltic Exchange Airfreight Index noted that rates typically stabilize in March after the holiday peaks, and year-on-year performance remained strong amid falling jet fuel prices. However, uncertainty looms due to upcoming U.S. tariffs, complicating planning for airlines and shippers.
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EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 14 -2025
📌Weekly Logistics Highlights:
The news highlights this week include:In March, air freight prices in Hong Kong remained stable. Rakuten Global Logistics launched a $34 million cold chain facility in Dong Nai, Vietnam, and air freight costs are expected to rise due to U.S. tariffs and disruptions in the global supply chain.
Hong Kong, China
🔹March Airfreight Rates from Hong Kong Steady Amid Uncertainty Over Upcoming U.S. Tariffs
Shenzhen, China
🔹Shenzhen Launches First TIR Cross-Border Transport to Kazakhstan, Enhancing Connectivity in the Greater Bay Area
Guangzhou, China
🔹Foshan Comprehensive Bonded Zone Achieves Operational Status, Enhancing Trade and Investment in the Greater Bay Area
On April 2, the Foshan Comprehensive Bonded Zone successfully passed formal acceptance after a strict review by a joint inspection team, marking its transition into operational status. Located in Shunde District, Foshan, this bonded zone is strategically positioned in the heart of the Guangdong-Hong Kong-Macao Greater Bay Area, featuring a well-developed "water, land, and air" transportation network. It will facilitate international industry transfer and support bonded processing, logistics, and services, playing a crucial role in promoting foreign trade, attracting foreign investment, and driving industrial transformation.
Shanghai, China
🔹First Domestic Green Methanol Bunkering for HMM Green Marks Milestone in Shipping Sustainability
Tianjin, China
🔹Qingming Holiday Sees Strong Growth in Consumer Market and Retail Sales
During the Qingming holiday, the consumer market in the city saw a stable growth trend, with a total of 7.79 million visitors and sales reaching 960 million yuan, marking year-on-year increases of 8.2% and 3.3%, respectively. Major shopping districts hosted themed events and promotions, resulting in a 15.6% increase in average daily consumption, while shopping centers recorded significant sales growth, particularly during special exhibitions and new store openings that attracted large crowds and boosted service consumption.
Qingdao, China
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Vietnam
🔹Official Cargo Clearance Initiated at Sam Pun-Tian Peng Border Gate, Strengthening Vietnam-China Trade
On March 31, a ceremony was held to officially clear goods at the Sam Pun-Tian Peng border gate pair, marking a significant step in economic cooperation between Vietnam and China. Located in Ha Giang province, this border gate has been an essential trade link, and its official recognition in March 2023 has stabilized entry-exit activities. The new cargo clearance process is expected to boost cross-border trade, with both nations committing to enhance cooperation and implement policies to facilitate commerce and transport.
South Korea
🔹LOTTE Global Logistics Launches $34 Million Cold Chain Facility in Dong Nai, Vietnam
On March 19, LOTTE Global Logistics broke ground on a $34 million cold chain facility at the Nhon Trach Industrial Complex in Dong Nai, Vietnam, which will span 5.5 hectares and is expected to be fully operational by May 2026. This facility will provide comprehensive logistics services, including cold storage for fresh foods and high-value items, and aims to enhance logistics capabilities for South Korean SMEs in Vietnam. LOTTE plans to expand its logistics network across the country, further solidifying its role as a key player in Vietnamese distribution logistics.
America
🔹Rising Airfreight Rates Amid Anticipated US Tariffs and Global Supply Chain Disruptions
Airfreight rates rose last week as companies rushed to move goods ahead of anticipated new tariffs from the US, increasing overall prices by 2.4% week on week and 5.1% year on year. Notable increases were observed from various locations, with Frankfurt seeing an 8.3% rise and London a 15.5% increase. Meanwhile, US rates from Chicago dropped by 12.5%. Experts warn that the newly announced automotive tariffs could disrupt global supply chains, leading to increased costs for manufacturers and consumers alike, as companies will need to quickly adjust their sourcing and shipping strategies.
Bangladesh
🔹Patenga Container Terminal Begins Import Operations, Enhancing Chattogram Port's Capacity
The Patenga Container Terminal (PCT) at Chattogram Port has begun handling import cargo containers, making it the first foreign-operated terminal in Bangladesh to do so. Managed by Red Sea Gateway Terminal International, the terminal has completed scanner installations for screening and expects full-scale operations to start by April. This development aims to reduce container congestion by integrating import handling with export and empty container management. The terminal, completed in June 2022, is set to enhance the port's capacity, which is expected to reach 450,000 TEU annually.
Myanmar
🔹Yangon-Mandalay Railway and Mandalay Airport Reopen After Earthquake Repairs
The Yangon-Mandalay railway line and Mandalay International Airport have reopened following repairs from earthquake damage sustained on March 28. Myanmar Railways completed urgent repairs and confirmed the safety of the tracks before resuming passenger train services on April 5, while domestic flights to Mandalay resumed on April 4, with multiple airlines operating flights shortly thereafter.
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