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Taiwan's airlines set to experience good freight volume growth with an increase to 856,070 tonnes
Taiwan Freight Transport Report Q4 2010 found that the June deal between Taiwan and China, which increased the number of cargo-only flights between the two countries from 28 to 48 per week, and passenger flights from 270 per week to 370 per week, was boosting demand, with freighters now authorised to fly to Nanjing, Xiamen, Fuzhou and Chongqing, as well as Shanghai Pudong and Guangzhou.
“Boosted by the opening up of cross-Straits cargo and passenger flights, Taiwan’s airlines will experience good freight volume growth this year, with an increase of 5.7% to 856,070 tonnes,” said the report.
However, as business migrates to China, the longer-term outlook is less encouraging. BMI forecasts that average annual airfreight growth will average 2.7% over the next five years.
Taiwan’s GDP is expected to grow 9% this year after contracting 1.9% in 2009, but next year the rate will fall to 1.4% as China’s economy slows.
BMI also said that total tonnage at the Port of Taichung, the closest port to China, would grow by 6.1% this year to 56 million tonnes after negligible growth last year.
Port of Keelung was forecast to grow volumes by almost 10% to 76.8 million tonnes.
International Freighting Weekly
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