Hong kong airport sees resurge in cargo vol for August

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.

Continue

For Pharma & Healthcare sector Singapore Airlines launches Thrucool product.

For high value, temperature control & time sensitive shipments Singapore Airlines (SIA) has introduced a Thrucool product specially for pharma & healthcare shipments.

Thrucool offer variable cod chain services like cold room facilities, hermal blanket, covers for crucial isnulation & many more.

SIA senior vice president cargo, Chin Yau Seng, in an interview said: "As the first airline in the Asia-Pacific region to be CEIV Pharma-certified, the launch of Thrucool reinforces our commitment to provide customers dedicated cold  chain  services when transporting time- and temperature-sensitive pharmaceutical shipments.

"We are acutely aware of the life-saving role these shipments play  in  societies  across the world and Thrucool is our assurance that our customers' cargo will receive the best care not only on our flights but also on the ground during transit.

"We will continue to collaborate with our  industry  partners  to  expand  our  network  of quality corridors to further promote  the  integrity  of  pharmaceutical  products  in their journey across key trade lanes."

Continue

Etihad Cargo refreshes freighter network to focus more on core sectors

From Oct 1, Etihad Cargo will refresh its route network to focus more on core sectors & maximise freighter network.

By deploying its 777 ferighter capacity , Middle East carrier Etihad Airways will connect its Abu Dhabi hub to Asia, Europe & US market.

For some destinations flight frequency will be increased while for some network there will be weekly freighter to meet adhac demand due to upcming peak season.

Continue

DHL launching new mobile app named Resilience360

For real time monitoring of shipments in supply chain market DHL is launching new app named as Resilience360.

Tobias Larsson, Head of Resilience360, DHL , said: “In the increasingly connected world we live in, both people and goods are constantly on the move, making near real-time risk management imperative.

“At the same time, supply chains have become incredibly complex.

“However, thanks to revolutionary technologies like big data, predictive analytics and machine learning algorithms, we are in a position to identify and manage risk like never before. The app puts all of that predictive power at your fingertips,” Larsson promised.

This app is available with both Google Play & Apple Store.

Continue

Spice Jet Entering Freight Business as It take Delivery of First Freighter

SpiceJet airlines is entering into freighter business as SpiceXpress with the delivery of first freighter .


It is expected that Spice Jet will initially launch 2 B737-700 freighter & will start operations from Sep 18.


Initially it will operate between Delhi & Bengaluru while spreading to Amritsar, Kabul & Hong kong.


Many attempts have been made earlier by airlines like Air India cargo, Deccan & Quickjet but only few were able to endure.


With make In India campaign more foreign companies are expected to setup production lines in India.

Continue

Considering Uncertainity Air China is set to offload Majority Stake In Cargo Arm

Air China is planning to sell its major stake to Capital Holding considering uncertainties in international trade.
Capital Holding will own 51% stake of the airlines after $ 357m transaction is complete.
The remaining 49% will be owned by Cathay pacific.
 Capital Holding is a wholly-owned subsidiary of state-owned China National Aviation Holding Corporation (CNAHC), which is also a 53.5% shareholder of Air China.
Air China said: “Given the complex international trade situation and the expected weakening of Renminbi, the profitability has not been fundamentally improved. Due to the extended period of poor performance, there is still a large amount of losses to be covered.”
Air China gave two reasons for the selling of its freight-carrying subsidiary: “With the increase in the income of residents, the upgrade of consumption structure, and the increasingly close economic tie among regions, the air passenger transport business maintains stable growth while possessing huge market potential.
“Following the disposal of Air China Cargo, the Company will further concentrate its resources on the air passenger transport business to increase the competitiveness thereof while mitigating the impacts of intensified competition in the cargo transportation market and uncertainty of international trade situation on the Company’s business performance”.

Continue

Ethiopian airlines cargo volumes increases rapidly for fiscal yr 2017-18

With fleet expansion Ethiopian airlines is experiencing rapid increase in volumes close to 400,339 tonnes for last fiscal yr. with an approx increase of 18% YOY.

Ethiopian airlines added 14 new aircraft to its fleet & routed to 8 new international destination namely Geneva, Chicago, Bahrain, Kaduna, Buenos Aires, Kisangani, Mbuji-Mayi & Nosy-Be. 

The airlines is further expecting rise in cargo volumes as it has signed up for 2 B777Fs last year in June & 2 more in November.

With 6 B777F & 2 B757Fs Ethiopian airlines stands as largest network cargo operator in Africa.

Continue

Increase in air freight rate in July despite market slowdown

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.”

Continue

To Kick Off Farnborough Airshow DHL orders 14 B777Fs

Based on current list prices worth $4.7bn DHL orders 14 Boeing 777 Freighters with purchase rights for additional 7 freighters.

After this order DHL fleet of B777 will be double in size.

This order was announced at Farnborough International Airshow, is in response to increasing express demand & also to replace ageing aircrafts.

 Ken Allen, chief executive, DHL Express, said: “The acquisition of the 14 Boeing airplanes reflects a gradual replacement of our older intercontinental fleet.

"As the most fuel-efficient, most reliable freighter type with the best long-haul range, these aircraft will contribute to our emissions reduction targets and allow us to serve even more markets with non-stop flights.

"DHL was an early adopter of this type of aircraft for the logistics industry and took delivery of the 3rd B777F produced by Boeing in 2009. With extensive experience operating this freighter type, it has proven to be superior in all aspects of operation making it a logical choice."

The 14 aircraft are capacity neutral, but operational wise offer "significant cost, efficiency and reliability benefits", DHL said.

Continue

Get Spot market capacity on digital platform from Lufthansa cargo

The German cargo carrier has made an agreement with cargo.one for making booking online for its td.flash (express service) & td.pro (general service) in order to offer spot market capacity & provide digital facility to forwarders.

Lufthansa Cargo chairman Peter Gerber said: "Digitisation allows information to be distributed around the globe in fractions of a second.

"This has given rise to new expectations with which both carriers and freight forwarders are confronted. We are therefore now offering our customers the opportunity to exchange prices and capacities even faster and to book services even easier.

"Booking platforms such as cargo.one will in future support forwarders in meeting their customers' needs even better. This is the next logical step in the digitisation of our industry."

Cargo.one founder Oliver Neumann said: "Many solutions on the market promise digital bookability. The reality is that in most cases the rates offered do not give access to capacity.

"In particular at times of high demand, our solution offers airfreight forwarders a quick and easy access to capacities with immediate confirmation at live spot rates."

Continue

New Freighter Service to Delhi by Korean Air

From July 17, Korean air is launching three times a week freighter service between Incheon & Delhi .

Currently Korean air is operating passenger aircraft from Incheon to Delhi & Mumbai three to five times weekly.

In a statement, Korean Air said: “The decision to introduce the cargo flight accompanies the South Korean government’s new diplomatic strategy to strengthen partnership with India, and rapid growth of the Indian market. Korean Air will operate its Boeing 777F freighter three times a week (Tuesday/Thursday/Saturday)."

The flight will depart at 11.10pm from Incheon & will have 1 stop at Hanoi while in returning from Delhi it will have 2 stops namely Vienna & Milan, respectively.

Continue

Airfreight future figures published by FIS

Freight Investor Services (FIS), global leader in freight & commodity derivatives, has published airfreight future price curve, starting a new discussion in this $70bn market.

In order to hep buyers & sellers in ascertaining seasonal price increase & tackling capacity issues , a new risk management tool is been designed by FIS.

FIS along with index provider TAC index developed a robust tool for air freight market comprising 35% of total global trade . This launch just coincides with the recent freight surge in market this giving a valuable tool in hand of freight forwarders to ascertain future market & negotiate better rates in market.

Asset owner leasing planes to carriers can also streamline there income by using this tool & will be able to control risk in a more controlled manner. 

Continue

Panalpina Opens new logistics centre at Singapore

Located on Pioneer view with an area of 3.5 football pitches Panalpina opens new logistics centre at Singapore.

The warehouse is constructed six floor measuring 25,800m2 of which major space is already rented out .

As per chief executive officer of Panalpina Singapore is very important location for Panalpina as 96 out of its 100 global customer are based out of Singapore.

The new facility can also be used for testing & using new technology including Internet of Things, augmented reality & various automation systems. It can also run 3D printers on behalf of customers which can promote distributed manufacturing in near future.

Continue

US President Donald Trump puts 25% tariff on goods from China

800 products exported by China to US worth $34bn will be affected by increased tariff which will come into effect from 06/Jul/2018.

As per White House more tariff will be imposed on products worth $16bn later after discussion.

China retaliates saying that it will impose additional 25% tariff on US goods affecting 659 goods worth $50bn

As per Mr. Trump tariffs are essential to protect from unfair transfer of intellectual copyright & technology which will help save hundred of jobs.

Stock markets have crashed in US & Europe considering expected trade war between these 2 countries.

Continue

DHL Global Forwarding planning to expand freighter service

With increasing demand DHL Global Forwarding is planning to expand its freighter services to meet customer expectation & demands.

According to David Goldberg , Chief Executive, Global Forwarding , US , steady & predictable service along with steady rates to be provided to customer throughout the year.

As per him last year there were many airlines who cancelled there capacity at certain ports which resulted in huge delay for our customers hence deploying own capacity on those lanes where we expect high demands will help sustain customers & increase business.

People are using air freight to avoid delay in production & they prefer cargo movement in accordance with production time table so as to have it when it is needed.

Continue