Breakbulk carrier AirBridgeCargo has reported 15 percent growth in tonnage carried for 2017, driven by increasing bi-directional Europe-Asia trade flows.
The firm reported year-on-year tonnage growth to 575,000 tonnes in the first 10 months of the year. Load factor also rose year-on-year, increasing 4 percent in the fourth quarter to reach 71 percent.
Exports from Europe to Asia were reported to be near the level of volumes from Asia to Europe, at 36 percent and 37 percent respectively. The freight corridors demonstrating the largest growth rates for this period were South-East Asia-North America, South-East Asia-Europe, Europe-Japan and Korea and Europe-North America.
“We have approached peak season and Q4 well prepared in terms of fleet availability with recently-deployed brand new Boeing 747-8F … Throughout 2017 we have been engaged in a constant dialogue with our customers, bolstering our product development in line with ABC’s network expansion,” said Sergey Lazarev, general director for ABC.
Photo: ABC freighter loading. Credit: ABC