Showing posts with label Freight upswing for Hong Kong. Show all posts
Showing posts with label Freight upswing for Hong Kong. Show all posts

Tuesday, September 25, 2018



After dip in cargo traffic in July, Hong kong airport sees cargo traffic growth in August .

As per Hong kong International Airport (HKIA) the airport saw 2.4% growth YOY in August to 431000 tonnes.

HKIA said: “The airport saw strong 9% year-on-year growth in transhipments, which contributed the most to the increase in cargo throughput.
“Amongst key trading regions, traffic to and from North America and Southeast Asia posted the most significant growth.”
While the airport saw cargo demand return to growth during the month, the increase does lag behind figures during the first eight months when freight traffic increased by 3.1% to 3.3m tonnes.

Saturday, August 4, 2018


Air freight rates are increasing since July this year irrespective of market slowdown.
Generally with market slowdown the air freight rates also show decline but not this year as it seems that major cargo hubs are under pressure based on available cargo handling.
As per below TAC index the prices on Hong Kong to North America increased by 16% in July.
Similarly for Hong Kong to Europe the prices increased by 23% 
The forward curve prepared by FIS Invester says “Air Cargo rates have continued to grow throughout July and look to continue to rise, resulting in a reluctance of airlines to commit their space for quarter four early,” FIS’ Nicola Hughes said.
“This is in the hope that they will achieve greater rates through the spot market at a later date. Leading shippers and freight forwarders to look for smarter ways to secure capacity in an environment where time to market is critical.”

Wednesday, September 24, 2014

Hong Kong International Airport (HKIA) continued to see upswings in freight in August. Cargo throughput grew by 8.8 percent to 366,000 tonnes. Flight movements had a 4 percent increase to 33,700, achieving a new monthly high for the second month in a row. 

The growth in cargo throughput was driven mainly by transshipments, which were up 22 percent from a year ago. During the month, cargo throughput to/from Southeast Asia and Mainland China improved most significantly compared to other key regions. 

“It is encouraging to see that HKIA has once again achieved new traffic records this month. We anticipate air traffic at HKIA to continue its growth trend during the remainder of the year in view of the upcoming travel peaks of the National Day golden week and Christmas,” C K Ng, acting CEO of Airport Authority Hong Kong, said. 

Over the first eight months of this year, HKIA handled 2.8 million tonnes of cargo and 258,105 flight movements, registering respective growth of 6.9 percent and 5.2 percent compared to the same period last year. On a 12-month rolling basis, cargo volume increased by 5.7 percent to 4.3 million tonnes. 

Flight movements recorded 5.6 percent year-over-year growth to 384,935. - 

Source: http://www.aircargoworld.com/Air-Cargo-World-News/2014/09/freight-upswing-hong-kong-airport/6766#sthash.qojEp06Q.dpuf