Worldwide air cargo volumes remained flat in January, reflecting the first month there was no year-on-year drop since the start of the pandemic (and even way before that), according to WorldACD’s latest report. Worldwide rates per kilogram were 75 percent higher year on year, but dropped 8 percent lower than those recorded in December. Load factors in January slipped 2 percent points from the previous month but up 17 percentage points from January 2020, as capacity dropped 28 26 percentage … [Read more...] about Air cargo volumes stayed flat in January
Air Shipping Asia
deugro ships project cargo by air from Egypt to China
Forwarder deugro successfully delivered steel structures for a liquefied natural gas (LNG) plant in China just in time to maintain production processes. The project cargo, which measured 810 cubic metres in volume and 209 metric tonnes in total, had to be flown in using three charter flights of a Boeing 747-8F with nose-loading capability, which from the photo looks like it was operated by AirBridgeCargo. The critical components, including steel beams and angles of different sizes, were … [Read more...] about deugro ships project cargo by air from Egypt to China
Kuehne+Nagel to buy Asian forwarder Apex International
Kuehne+Nagel is set to expand its footprint in Asia Pacific after it agreed to buy freight forwarder Apex International, which the Swiss company described as the “largest acquisition in its history.” In a press release, the two parties have agreed to not disclose any transaction details, but a Bloomberg report valued the purchase at US$1.5 billion. Apex was founded in China in 2001 and has expanded throughout Asia, with particular focus on the transpacific and intra-Asia routes. In 2015, … [Read more...] about Kuehne+Nagel to buy Asian forwarder Apex International
Changi welcomes SpiceJet’s scheduled cargo service
Changi Airport is set to see more cargo capacity between Singapore and India as SpiceJet has launched two weekly services between the city state and three Indian cities, including Bangalore, Chennai and Mumbai. A B737F, operated by its cargo arm SpiceXpress, flew in from Chennai on 20 February, and the new scheduled services is expected to add much needed capacity. This is a welcome development for Singapore’s air hub particularly as it has been in talks with the Indian carrier for several … [Read more...] about Changi welcomes SpiceJet’s scheduled cargo service
IATA’s chief economist Pearce to retire in July
Chief economist Brian Pearce will retire from the International Air Transport Association (IATA) in July 2021, after 17 years with the trade association, and a recruitment process has been launched, a press release confirmed. Since joining the organisation in 2004, Pearce, who also serves on the strategic leadership team, has built IATA’s evidence-based economic analysis capabilities into the most authoritative source of insight on aviation’s global performance. Alexandre de Juniac, IATA’s … [Read more...] about IATA’s chief economist Pearce to retire in July
Asia’s flag carriers fly in life-saving vaccines
Accompanied by media frenzy, more vaccine shipments are slowly making their way to Asia brought in by flag carriers, as Malaysia Airlines’ cargo unit MASkargo successfully flew in the first batch of Covid-19 vaccines to Malaysia on 21 February. An Airbus 330-300 converted for cargo flight with One World livery delivered over 300,000 doses of the Pfizer-BioNTech vaccine. A second batch of the same vaccines will arrive on 26 February, and then at fortnightly intervals. The arrival of … [Read more...] about Asia’s flag carriers fly in life-saving vaccines