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Vol. 16 No. 30 | Thursday
March 30, 2017 |
Asian Numbers Sally Forth |
Air freight demand out of Asia has resurged after the Chinese New Year factory shutdown in February, with rates soaring from some destinations this month in part due to a shortage of freighters. Indeed, early indicators suggest that 2017 has seen a much brighter start for demand than a year earlier. What Up In Hong Kong?
Hong Kong International Airport, for example, reported that combined cargo
carriage over January and February—which removes from analysis the
wild card of Chinese New Year because it fell in different months in 2016
and 2017—was up 7.7 percent year-on-year, mostly down to an 11 percent
year-on-year increase in transshipments. “Exports also recorded
an 8 percent growth,” said Airport Authority Hong Kong. Chinese Exports Surge But other factors also appear to have
made March spring-heeled. Dr. Paul Tsui, Managing Director of the Janel
Group of Hong Kong Limited, said exports out of China and Hong Kong had
surged in recent weeks, driving up air freight rates. “The market
to the U.S. is very promising and the cost has been increased continuously
for the last few weeks, and the level is equivalent to the last peak season
on September 2016,” he said. Panalpina Love Rates & Volumes
Panalpina Global Head of Air Freight Lucas Kuehner (right) said rates
and volumes were surging out of Asia, but particularly out of Shanghai.
“The quarter-end volumes are strong, and there is continued ocean
freight to air freight conversion, adding tonnage to the market,”
he added. April No Fooling Apart from China, “Korea and Vietnam
have seen capacity constraints both for Europe and Transpacific,”
but he said in terms of forward outlook, it would be premature to make
judgments during the quarter-end rush. “We need to wait until mid-April,”
he said. DHL Notes Skewed Schedules
Li Wenjun, SVP, Air Freight, Asia Pacific and Head of Air Freight, China,
DHL Global Forwarding, said markets had indeed been skewed by changes
in freight schedules. “We have seen a reduction in capacity from
Asia Pacific to the U.S. and EU, particularly China to U.S./EU,”
he said. “We foresee reduced capacity to continue from Hong Kong
and Shanghai to Frankfurt and Chicago.” Some Results Vary However, elsewhere in Asia the picture is varied. Out of Bangkok, one leading handler told FlyingTypers he had only seen “modest growth in the first quarter,” but there was still adequate capacity. Bangla Booming Bangladesh, however, has been a different
matter. The airports are struggling to cope with heavy demand for exports
of textiles and garments, not least due to congestion at ports. One leading
intra-Asia liner shipping operator told FlyingTypers there was
no sign of the country’s ports helping ease airport congestion in
the near future. |
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