JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91
98407 85202
Corporate News
Letter for Thursday April 18, 2024.
:: Today’s Exchange Rates ::
Source : The
Economic Times RATS
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
83.53 |
0.07 |
0.083872 |
83.51 |
83.46 |
83.4725- 83.56 |
|
|
1.0646 |
0.0022 |
0.207079 |
1.0624 |
1.0624 |
1.0606- 1.0649 |
|
|
103.868 |
-0.152504 |
-0.14661 |
103.868 |
104.0205 |
103.868- 103.8763 |
|
|
88.8119 |
0.00 |
0.00 |
88.6001 |
88.8119 |
88.5288- 88.8596 |
|
|
154.608 |
0.328003 |
0.212602 |
154.28 |
154.28 |
154.458- 154.763 |
|
|
1.246 |
0.0014 |
0.112485 |
1.2446 |
1.2446 |
1.2417- 1.2482 |
|
|
106.262 |
0.004997 |
0.004703 |
106.33 |
106.257 |
106.225- 106.364 |
|
|
0.54 |
0.00 |
0.00 |
0.541 |
0.54 |
0.54- 0.5415 |
/// Sea Cargo News ///
CMA CGM vessel
restarts voyage after stalling near New York bridge
APL Qingdao / Source: VesselFinderOne of CMA CGM’s ships has been finally permitted to resume its voyage, after suffering a loss of propulsion just outside the port of New York in the United States.
The 2012-built, 10,000 TEU APL Qingdao, which the French carrier deploys on an Asia-US East Coast service, stalled near Verrazzano-Narrows Bridge outside New York port around 9 pm local time on 5 April, evoking memories of Baltimore’s Francis Scott Key Bridge, which collapsed on 26 March after being hit by the similar sized container ship Dali.
At the time, APL Qingdao, which was heading to Hampton Roads, after setting out from the GCT New York Terminal on Staten Island, was escorted by three tugs, a normal procedure for ships going to the Atlantic Ocean.
The US Coast Guard said, "The vessel regained propulsion and was assisted to safely anchor in Stapleton Anchorage, outside the navigable channel just north of the Verrazzano Bridge, by three towing vessels. These towing vessels were escorting the vessel as a routine safety measure, which is a common practice for large vessels departing their berth.”
The Coast Guard pointed out that, unlike Dali, APL Qingdao did
not suffer a power outage that removed the ship’s ability to generate power for
all onboard systems, including propulsion. The APL Qingdao’s last Port State
Control inspection was on 25 October 2023, in the US port of Norfolk; no
deficiencies were found then.
At the Coast Guard’s behest, the captain of New York port
ordered that Det Norske Veritas, which classes the APL Qingdao, certify that
all necessary repairs were done and the propulsion system is fully operational.
APL Qingdao was allowed to restart its voyage after the Coast Guard was
satisfied with the necessary rectifications.
Confirming the incident, CMA CGM told Container News, “On 5
April 2024, a moment after APL Qingdao departed the New York terminal under
pilotage with the assistance of two tugboats, main engine alarm occurred,
restricting full maneuvering without loss of propulsion. After reporting the
incident, the APL Qingdao dropped anchor at designated anchorage by US Coast
Guard, beside the channel.”
The French carrier continued, “Following thorough inspections
and main engine tests, an attending class surveyor confirmed the vessel’s
seaworthiness. The US Coast Guard has since cleared the vessel to resume her
voyage to the next port in Norfolk on 8 April.”
INFORM to
deploy AI intermodal TOS at Duisburg Gateway Terminal
INFORM, one of the market leaders in AI and optimization
software, is ready to elevate the operational efficiency of the Duisburg
Gateway Terminal (DGT) by implementing its cutting-edge AI-driven solutions.
This collaboration aims to optimize intermodal logistics,
marking a significant step towards establishing Europe's inaugural CO2-neutral
intermodal terminal at the core of the German port.
DGT is poised to emerge as the largest intermodal terminal in
the European hinterland, aiming for an ambitious annual throughput target of
850,000 TEUs.
In addition, situated on the historic coal island within
Duisburg's port, the terminal is strategically designed and will operate
exclusively using crane systems and vehicles powered by sustainable energy
sources, departing from traditional terminal equipment to minimize
environmental impact.
Encompassing a total area of 235,000 square meters, this
terminal signifies a significant milestone in the logistics industry, capable
of handling up to 1 million containers annually with its six cranes and 12 rail
tracks.
Furthermore, daily operations will include servicing 20 trains,
approximately 400 trucks, and 6 ships. The initial phase of terminal
construction is set to commence in the summer of 2024, utilizing INFORM’s
Syncrotess Intermodal TOS.
"Partnering with INFORM enables us to harness the full
potential of AI in our terminal operations, setting a strong foundation for
DGT's operational excellence from the outset. As INFORM’s Intermodal TOS covers
both the administrative parts of a Terminal Operating Systems and has a strong
focus on optimization and automation, this partnership reinforces our
commitment to environmental stewardship but also ensures that we remain at the
forefront of technological innovation in the logistics industry," stated Sven
Zölle, managing director at Duisburg Gateway Terminal GmbH.
INFORM will introduce its Intermodal Terminal Operating System
(TOS) at DGT, employing a modular design that enables extensive automation and
operational refinement. Notable features include:
1. Barge Handling: Implementing AI to streamline barge
operations, enhancing throughput and minimizing operational delays.
2. Crane Optimization: Creating and refining crane jobs to
optimize the performance of the terminal's six intermodal barge cranes, crucial
for operational efficiency. The TOS aims to organize crane tasks to
significantly reduce handling times, with plans for gradual introduction of
crane automation at DGT.
3. Optimized Train Loading: Utilizing advanced algorithms to
efficiently plan and execute train loading activities, ensuring optimal
resource utilization and reducing turnaround times.
4. Stack Optimization: Utilizing AI to intelligently optimize
container stacking, improving space utilization and accessibility while
minimizing re-handling.
5. Billing Module Integration: Simplifying the billing process
with a customized module that accurately records rendered services,
streamlining financial operations.
6. Booking Platform Interface: Enabling seamless integration
with the DXI platform to streamline combined transport bookings and enhance
operational coordination.
“This expanded suite of services underscores our commitment to
delivering a highly efficient, scalable, and sustainable operating environment
for DGT, utilizing cutting-edge AI to optimize every aspect of terminal
operations. We are thrilled to partner with the team at DGT on this
groundbreaking project," said Alex van Winckel, director of strategic
relations and sales at INFORM’s Terminal & Distribution Center Logistics
Division.
Maersk announces fresh surcharges from Indonesia, Malaysia and Singapore
to Africa
Danish shipping company Maersk has announced updated and new
peak season surcharges from Indonesia, Malaysia and Singapore to several
African destinations.
Maersk will increase its Peak Season Surcharge (PSS) for
shipments from Indonesia, Malaysia and Singapore to Gambia for all container
types from 15 April, as follows:
|
Charge Code |
Origin |
Destination |
Charge Basis |
Container |
Levels |
|
Peak Season Surcharge |
Indonesia, Malaysia,
Singapore |
Gambia |
Per container |
All 20 DRY and REEFER |
US$250 |
|
Peak Season Surcharge |
Indonesia, Malaysia,
Singapore |
Gambia |
Per container |
All 40 DRY & REEFER and
45HDRY |
US$500 |
The Copenhagen-based ocean carrier is also implementing a PSS
hike for shipments from Indonesia, Malaysia and Singapore to Senegal, Guinea,
Liberia, Sierra Leone, Cape Verde Island, and Mali for all container types,
effective from 15 April.
The adjusted tariff details are as follows:
|
Charge Code |
Origin |
Destination |
Charge Basis |
Container |
Levels |
|
Peak Season Surcharge |
Indonesia, Malaysia,
Singapore |
Senegal,Guinea,Liberia,Sierra
Leone,Cape Verde Island,Mali |
Per container |
All 20 DRY and REEFER |
US$450 |
|
Peak Season Surcharge |
Indonesia, Malaysia,
Singapore |
Senegal,Guinea,Liberia,Sierra
Leone,Cape Verde Island,Mali |
Per container |
All 40 DRY & REEFER and 45HDRY |
US$900 |
Furthermore, Maersk will
introduce the following PSS in mid-April for shipments from the three
aforementioned countries to Burkina Faso, Benin, Ivory Coast, Ghana, Niger,
Togo, Nigeria, Angola, Cameroon, Congo, Democratic Republic of Congo,
Equatorial Guinea, Gabon, Namibia, Central African Republic, Chad, and
Mauritania.
|
Charge Code |
Origin |
Destination |
Charge Basis |
Container |
Levels |
|
Peak Season Surcharge |
Indonesia, Malaysia,
Singapore |
Burkina Faso, Benin, Ivory
Coast, Ghana, Niger, Togo, Nigeria ,Angola, Cameroon, Congo Congo Dem.Rep.of,
Equatorial Guinea, Gabon, Namibia ,Central African Republic, Chad,
Mauritania. |
Per container |
All 20 DRY and REEFER |
US$150 |
|
Peak Season Surcharge |
Indonesia, Malaysia,
Singapore |
Burkina Faso, Benin, Ivory
Coast, Ghana, Niger, Togo, Nigeria, Angola, Cameroon, Congo Congo Dem.Rep.of,
Equatorial Guinea, Gabon, Namibia, Central African Republic, Chad,
Mauritania. |
Per container |
All 40 DRY & REEFER and
45HDRY |
US$300 |
Hapag-Lloyd takes largest ship-to-ship LBM delivery in
Rotterdam
Titan Clean Fuels, a major supplier of liquefied natural gas
(LNG) and liquefied biomethane (LBM) to maritime clients, along with STX Group,
a global leader in environmental commodities trading and climate solutions,
have announced the successful completion of a ship-to-ship bunkering operation.
This involved delivering 2,200 metric tons of LBM to a
Hapag-Lloyd container vessel in the port of Rotterdam. This event signifies
Hapag-Lloyd's inaugural use of LBM as an eco-friendly shipping fuel, making it
the largest ship-to-ship bunkering operation of its kind.
Furthermore, STX Group and Titan Clean Fuels have collaborated
to liquefy, store, and distribute mass-balanced biomethane in Zeebrugge,
Belgium, adhering to ISSC certification, which is fully compliant with the
European Union's Renewable Energy Directive, also known as RED II.
“This pioneering deal demonstrates that bunkering large
quantities of liquefied Biomethane is possible and scalable. However, there is
still more progress required regarding the necessary infrastructure and the
regulatory framework.
For us, bunkering liquefied Biomethane is another measure in our
step-by-step approach to further decarbonise our operations to reach our goal
of becoming net-zero by 2045,” said Jan Christensen, senior director of Fuel
Purchasing at Hapag-Lloyd.
Liquefied biomethane (LBM), also referred to as bio-LNG, is a
well-established eco-friendly bunker fuel that can achieve net-zero emissions
depending on the source material. It is available in commercial markets across
Europe, Asia, and North America.
Biomethane is derived from sustainable biomass sources like
industrial and agricultural waste streams, ensuring it does not compete with
food production. The regulations governing its production and use are defined
at national or regional levels, such as the EU's RED II directive in Europe and
the EPA's Renewable Fuel Standards in the USA.
LBM can be supplied either as physical molecules or through a
"Mass-balanced" approach. In this method, biomethane is injected into
the gas network and transported to liquefaction plants and LNG terminals via
existing infrastructure, using a system of mass balancing.
Mass balancing is anticipated to become a common feature in
various alternative fuel pathways, providing a practical means to meet the
shipping industry's demand for large volumes of clean marine fuel.
"Titan’s Alice Cosulich bunker vessel has successfully
delivered LBM to Hapag-Lloyd’s Brussels Express container ship. We’d
like to thank all the partners involved for another smooth operation. We have
been encouraged by the demand for LBM so far, and this major bunkering
represents a significant step in shipping’s clean fuels transition.
Wallenius Wilhelmsen signs US$1 billion deal with premium car segment global player
The Norwegian/Swedish shipping company
Wallenius Wilhelmsen recently signed a multi-year contract with a major firm in
the premium car segment, valued at more than US$1 billion over three years,
covering both shipping and logistics services, as well as the use of biofuel.
The agreement has a duration of three
years, plus a mutual two-year extension option. The contract started between
January and April 2024 with rates in line with current market levels.
Lasse Kristoffersen, president, and CEO of Wallenius Wilhelmsen,
stated, “We see manufacturers shifting priorities and increasingly looking for
solutions which provide predictability in their supply chains. In this case, it
means longer-term contracts encompassing both logistics and shipping services.
This goes hand in hand with Wallenius Wilhelmsen’s goal of being a total
solution provider in finished vehicle logistics. This multi-year contract
allows for better long-term planning and extended predictability both for the
customer and us.”
Commenting on the biofuel use, which is included in the new
contract, Pia Synnerman, chief customer officer of Wallenius Wilhelmsen, said,
“Environmentally conscious customers recognize the urgency when it comes to
decarbonizing global supply chains. Using biofuel is a strategic decision for
this customer.”
ZIM overtakes Yang Ming in global liner rankings
Israeli ocean carrier ZIM received the 15,248 TEU container ship
ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size
vessels built by Samsung H.I. for Seaspan.
ZIM has chartered these 10 boxships for 12 years increasing its total operated capacity to 714,800 TEUs, lifting the Haifa-based box line over Yang Ming to 9th spot in the global carrier rankings.
Source: Alphaliner
ZIM has more than doubled its size since 2020, growing by 155% over the past four years, according to Linerlytica, which noted that its operated fleet is expected to be further enhanced by 19 more new ships scheduled before the end of 2024.
On the other side, Taiwan's major ocean carrier Yang Ming was the 8th largest operator in 2020, but the company has now been overtaken by HMM and ZIM.
Container
line reliability improves as Red Sea rerouting becomes the new normal
Carrier schedule reliability improved in
February as the situation with rerouting from the Red Sea to avoid Houthi rebel
attacks normalised.
Analysts Sea-Intelligence has reported
an improvement in global schedule reliability for container lines in February
2024 up 1.7 percentage points from January to 53.3%.
“After a tumultuous few weeks in the wake of
the Red Sea crisis, some form of stability has ensued, with the round-Africa
routings now normalising,” commented Alan Murphy CEO of Sea-Intelligence.
Yet, the situation in the Red Sea meant that reliability was 6.9
percentage points lower the same month in 2023.
In Feb ‘24, Hapag-Lloyd was the most reliable
carrier amongst top 13 lines. Lowest among the top tier carriers was Pacific
International Lines (PIL) with a score of 45.3%.
/// Air Cargo News ///
As part of the mitigation measures, the Tata group airline announced over
the weekend that it was reducing around 10 per cent of its operational
capacity — mostly in its domestic network — to provide “much-needed
resilience and buffer” in its crew rosters. Given that airfares have been on
the higher side for a while now due to a demand-supply mismatch, Vistara’s move
has added additional pressure, particularly on the routes impacted by the
cancellations.
An
executive at another travel agency said that while the Vistara flight
cancellations may be a temporary phenomenon that may last a couple of months,
even a short-lived disruption adds to the pressure on the capacity-constrained
Indian aviation ecosystem that has been struggling to keep up with strong
travel demand since the end of the Covid-19 pandemic. In
such a scenario, airfares are bound to heat up.
WHILE
VISTARA has not specified the duration for which the capacity cut is going to
be in effect, it does appear that the restrictions would be in place at least
till the end of April. Fares are likely to stay high on affected routes during
this period.
It is said
that customer is the king; customer is always right; this is how we are taught
in Business Management; and one feels one more statement can be added. It is
the customer who always pays. Business enterprise can’t help it.
“Looking
ahead, we are hopeful of stable operations for the rest of the month and
beyond,” Vistara said in a statement on Sunday 7 April.
Any
company worth the name at any point of time cannot but be hopeful. And Vistara
is right.
Shortage of fuel to affect pilot training in flying schools
Pilot training at
flying schools across the country has been hit over the last four weeks due to
non-availability of certified aviation gasoline or Avgas.
While commercial
aircraft rely on aviation turbine fuel, around 80-90 per cent of the
trainer aircraft in India use Avgas, which is produced by Indian Oil
Corporation (IOC).
IOC tests the product
for its performance at an overseas laboratory. A delay in certification has
held up the supplies. Flying schools, however, are not convinced by the
refiner's claims and fear that supply disruption could slow down
pilot production.
"For past month,
Avgas supply is around tenth of our requirement. Consequently, our flying has
declined to 10-20 per cent of the normal. In fact, on Saturday we gave a
day off to conserve limited stock. The months of April-May are fair weather season
across the country.
If the
disruption continues for longer, students would be badly hit as flying halves
during the monsoon months," said Jati Dhillon, Managing Director of
Government Aviation Training Institute, Odisha.
The association has
sought Civil Aviation Ministry's intervention in the issue and suspects that
supply shortage was caused due to exports. An IOC executive denied this
and said the company always meets domestic demand first before
exporting products.
Prior to September
2022, all the Avgas consumed in the country was imported from Europe. IOC began
producing it from its Vadodara refinery as a part of an initiative to reduce
dependence on imports. Local production is now taking care of domestic
requirement.
"There are
around 220 trainer aircraft in the country with flying schools across the
country and nearly 80-90 per cent of them run on Avgas. While some
larger schools keep buffer stocks even those would be close to exhaustion.
Thus, the impact of supply disruption will be felt across the board,"
said Hemanth DP, CEO of Asia Pacific Flight Training Academy.
There are 34
DGCA-approved flying training schools in the country operating at 55 bases.
Last year, DGCA issued a record 1,562 commercial pilot licences to domestically
trained pilots and those to trained overseas.
In a statement, IOC
said there is no disruption in Avgas production. “Before supplying it to our
customers one final test is done in a foreign laboratory. We are
awaiting the certification report. We expect to receive it in coming
week. We have sufficient stock of Avgas at our refinery and normal
supplies can resume immediately once we receive the certification,” IOC said
Surprisingly Resilient’ Global Air Cargo Market Continues
Impressive Growth in Q1 2024
According to the latest weekly market data from Xeneta, demand surged by an impressive 11% year-on-year, delivering an unexpected first-quarter boon for forwarders and airlines alike.
The surge in demand was attributed to a combination of factors, including the flourishing e-commerce sector and concerns over disruptions in ocean freight services due to the conflict in the Red Sea region.
These dynamics have led to a
notable increase in airfreight volumes, particularly from the Middle East and
South Asia, as shippers swiftly shifted services from sea to air to circumvent
delays.
Niall van de Wouw, Xeneta’s
Chief Airfreight Officer, expressed optimism about the market’s performance,
emphasizing that the elevated demand in the first quarter is a testament to the
sector’s resilience. Despite facing challenges in the past, the airfreight
industry has demonstrated its ability to adapt and thrive in dynamic
environments.
The surge in demand has also
translated into higher average global airfreight spot rates, which increased by
7% from the previous month to reach USD 2.43 per kg in March. Notably, the
Middle East and South Asia to Europe market experienced significant growth,
with spot rates soaring by 46% compared to February levels.
India’s outbound market, in
particular, witnessed a substantial increase, with the India to Europe air
cargo spot rate jumping by 68% month-on-month. This
trend underscores the evolving dynamics of global trade and the strategic
importance of air cargo as a reliable and efficient mode of transportation.
Freight forwarders have
responded to the evolving market dynamics by increasingly opting for short-term
capacity commitments, with three-month contracts accounting for 41% of all
newly negotiated contracts in the first quarter. This flexibility enables stakeholders
to adapt swiftly to changing circumstances and capitalize on emerging
opportunities.
Looking ahead,…industry experts
remain optimistic about the sector’s prospects. As
the airfreight market continues to demonstrate resilience and adaptability,
stakeholders are poised to navigate uncertainties and capitalize on growth
opportunities.
The global air cargo market’s
impressive performance in the first quarter of 2024 underscores its resilience
and adaptability in the face of evolving challenges. With demand remaining
robust and stakeholders embracing flexibility, the industry is
well-positioned for sustained growth and prosperity in the months ahead.
First 1-tonne mango shipment from Mopa airport sent to Muscat
In an impressive feat of organisation, GMR Air
Cargo & Logistics-Goa (MOPA Airport) has sent its first tonne of mangoes to
Muscat, Oman. Led by Purushottam Singh Thakur, Business Head, GMR, ACL and his
team, this flight marks a significant step in the company’s global logistics
commitment.
Present at the event were Suresh Pillai Airport
Manager, Oman Air Goa, Haridas, Assistant Commissioner, Goa Customs, Shrikanth
Bhandarkar, Chief Commercial Officer, GOX, Prashanth CS, Assistant General
Manager, Commercial, GOX, and Chandrakanth Rachakonda, Commercial Manager, GOX.
Source:
Shutterstock
Chinese airlines will in April increase the amount of bellyhold
capacity they operate on flights to the US following approval to expand
operations.
The US Department of Transportation has from April authorised
China-based airlines to increase the number of weekly flights they carry out
between the US and China from 35 to 50.
“We believe that our present action is a significant step
forward in further normalisation of the US-China market in anticipation of the
Summer 2024 traffic season,” the DoT explained.
Following the approval, Air China will operate 14 weekly
services, China Southern will operate 10, China Eastern 12, Xiamen Airlines
five, Hainan Airlines six and Sichuan Airlines three.
However, this remains down on the more than 150 round-trip
flights that were allowed by each side before restrictions were imposed as a
result of the Covid pandemic. The move
comes as airfreight rates on services from China to the US have been
increasing.
In its latest weekly market update, airfrieght rate data
provider TAC Index said that rates out of China continued to edge up, despite
the Ching Ming festival when activity often slows. Prices out of Shanghai were last week up by
8.4% compared with a week earlier, while they were 8.2% ahead of last year.
Judah Levine, head of research at rate portal Freightos, said
that the increase in capacity could ease some pressure on rates on the trade
lane. He added that air cargo volumes out of China were being driven by growing
demand for business-to-consumer e-commerce out of China.
“Online retailers like Temu and Shein are increasingly buying up
air cargo space to the west,” he said. Freight forwarder Dimerco recently
reported that e-commerce demand had led to many block
space agreements selling out.
And in a recent Air
Cargo News special report on the transpacific trade, Brian
Bourke, chief commercial officer, SEKO Logistics, warned that space
in the peak season would be tight unless passenger
operations were ramped up.
While Chinese carriers seem keen to increase operations to the
US, take up in the other direction has been slower.
The three largest US airlines in March said they are pushing
back until at least late October the
resumption of many flights to China that
they cut early during the Covid-19 pandemic.
American Airlines, Delta Air Lines and United Airlines received
authority from the DoT to delay by another 90 days the resumption of nearly 100
weekly flights to China, according to regulatory documents released on March 5.
The US carriers hold DOT-issued approvals to fly specific routes
to China, doing so under requirements laid out in the US air transport treaty
with China. The DoT can take back those approvals if carriers fail to operate
the flights.
Throughout the pandemic, the agency issued waivers in 90-day
chunks permitting the US carriers to keep the flights grounded without the risk
of losing the flight permissions. The DoT issued fresh waivers, which run
through 26 October, in February.
The US airlines had urged the DoT to act, saying demand for
flights to China remains depressed.
WebCargo to launch airfreight rate trend prediction
tool
Image:
ShutterstockOnline booking platform WebCargo is launching a new tool
predicting whether airfreight rates will rise or fall to help airlines and
forwarders plan for the future.
The Volatility Index will launch this week and predicts trade
lane rate trends by mining the airfreight data generated by WebCargo. It will
help industry players protect margins, the Freightos-owned company explained.
“In an era of freight volatility, our aim is to help airlines
and forwarders stay ahead of the curve by predicting whether rates on a given
lane are expected to rise or fall,” WebCargo said.
“This helps airlines protect their margins and remain
competitive when prices drop, and helps forwarders and customers lock in the
best rates when prices are on the rise.”
The tool will also offer real-time rate trends, providing
insights on rate volatility and fluctuations.
When forwarders search for a service, the tool will offer
insights into an airline’s recent rate activity with prompts such as “this
airline’s rates increased recently in a constant way” or “this airline’s rates
decreased recently, fluctuating a lot”.
The data used to generate the insights is based on the firm’s
air cargo booking platform, which continues to grow. Last year, more
than 1m bookings in 12 months were completed on
WebCargo for the first time, although the company admits this is a small
percentage of the total industry.
In 2021, Freightos launched an air cargo pricing index based on
data from its Webcargo booking portal.
The Freightos Air Index (FAX) would provide spot market pricing
visibility and consists of a headline index of pricing across global air cargo
lanes, weighted based on trade lane activity, as well as price comparisons
across trade lanes, airport pairs, and weight breaks.
Liege Airport cargo volumes
up 16% in March
Photo:
Markus Mainka/ Shutterstock
Cargo volumes at Liege Airport were up 16% in March year on year following increased air cargo demand in the market this year combined with e-commerce and Red Sea-related demand.
The Belgian freighter hub handled 104,080 tons in March versus
90,097 tons in March 2023. Volumes were also up more than 14% for the year to
date.
Meanwhile, the number of cargo aircraft movements rose by 8%
compared with the same period in 2023.
Liege Airport stated: “This increase in volumes outstrips the
trend in global demand of 11%, as revealed by an analysis by Xeneta. Cargo air
transport got off to a stronger start than forecasted at the end of 2023.
“E-commerce and the difficulties encountered by maritime
transport in the Red Sea and its modal shift towards airfreight further fuelled
this strong growth.”
The airport stated that operations are shifting away from
nighttime hours and noisy aircraft as part of plans to tackle pollution and
become more sustainable.
In March, the number of night flights was 12% down in comparison
to March 2023 (860 movements vs. 981 movements), while daytime movements grew
by 26%.
Liege also noted that since the beginning of the year the
airport has seen an 8% reduction in the number of flights operated by both
Boeing 747-400F and 747-200F aircraft, which has reduced noise at the airport
and for surrounding communities.
Laurent Jossart, chief executive at Liege, said: “We are
particularly pleased with the growth in volumes at Liege Airport’s logistics
and multimodal hub. We beat our all-time record for volumes in a week 13 of the
year (previous record set in 2021). This is a big encouragement for the future
and confirms the validity of our Masterplan 2023-2040.”
I reckon you have enjoyed reading the above useful
information.
Have a nice day.
Thanks & kind regards
ROBERT
SANDS, Joint Managing Director
Jupiter
Sea & Air Services Pvt Ltd
Casa
Blanca, 3rd Floor, 11, Casa Major Road, Egmore
Chennai –
600 008. India.
GST Number
: 33AAACJ2686E1ZS.
Tel : + 91 44 2819 0171
/ 3734 / 4041
Mobile : + 91 98407
85202
E-mail : robert.sands@jupiterseaair.co.in
Website : www.jupiterseaair.com
Branches :
Chennai, Bangalore, Mumbai, Coimbatore, Tirupur and Tuticorin.
Associate Offices : New Delhi, Kolkatta, Cochin & Hyderabad.
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