Hong Kong

September Update: Air cargo under serious and sustained pressure – and it has only just begun….

Industry data released today shows that international demand for air cargo capacity versus a shortfall in supply pushed average global air cargo rates up 112% beyond their pre-COVID level, as lockdown in Vietnam and the closure of cargo handling terminals at Shanghai highlighted the fragility of Asia supply chains.  Dhaka in Bangladesh is also very

China overtakes US as EU’s biggest goods trading partner – but for how long ?

China is now the EU’s biggest trading partner, overtaking the US, as volumes of goods grew in both directions, propelled by sustained pandemic demand. As business with Europe’s major partners fell due to the COVID-19 pandemic, trade with China (import and export) was worth €586bn last year, rising €25bn in 2020, compared with €555bn worth

Hong Kong X-ray costs and delay fears

Starting in November (UPDATE: NOW JANUARY 2020), in phased deadlines set by the International Civil Aviation Organization, 100% of all air freight shipments from Hong Kong International Airport must be X-ray screened by March 2021. Shippers using Hong Kong International Airport (HKIA) could see cost increases and disruption to cargo shipments after the world’s busiest