cargo gateway
rebound “W
hile the economic downturn resulted in a sharp fall in cargo volumes last year, Changi has weathered the storm relatively well, leveraging the strong
partnership that we had with our cargo partners,” says Albert Lim, division head cargo and logistics development at Changi Airport Group (CAG), the manager and operator of Singapore’s major air freight gateway. “We are definitely feeling more buoyant in comparison to the same period last year,” he continued. “For the January -
36 AIR LOGISTICSCHINA
Singapore feels the
Located at the hub of a huge area of growing economic activity, Singapore has long been an established air cargo gateway. Along with many of its industry partners the airport suffered in the economic downturn, but there is now an air of cautious optimism as it positions itself for future growth. Mike Bryant reports
May 2010 period, total air freight volume reached 729,000 tonnes, up by 17.3 percent compared to the same period of 2009. “The rebound of manufacturing activities in the first
half, especially in the electronics and biomedical sectors in Singapore, coupled with buoyant trade growth from Asian economies have boosted Changi’s air freight movements.” What is more: “The Singapore government has since
revised upward the official forecast of Singapore’s 2010 GDP growth to 13-15 percent,” Lim pointed out. “Singapore’s total trade and non-oil domestic export is also
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60