Changi Airport Group (CAG) in Singapore is adopting an intermodal approach to business in an operating environment where capacity and demand have become a tense balancing act.
Managing director for air hub development Lim Ching Kiat said the airport works with seaport operator PSA International at the Port of Singapore to optimise cargo flow in Singapore based on supply and demand.
“For us, the advantages are Singapore is a busy air cargo hub, but also has one the busiest ports in the world.
“We are looking at this area of intermodal cargo – air-sea transhipment or sea-air transhipment.
“Depending on the economic cycle, if the supply is tight, shippers tend to go for air-air more, but when the market softens price conscious shippers may choose a slower but cheaper sea-air shipment.
“We are keen to grow our intermodal business to give customers different options for moving their goods.”
CAG’s drive to improve capacity management efficiency bodes well for several freighter operators that have invested in the airport since the start of the pandemic.
These include India-based Spice Express, Australian Tasman Cargo Airlines, and US-located Atlas Air.
Managing director for air hub development Lim Ching Kiat said the airport works with seaport operator PSA International at the Port of Singapore to optimise cargo flow in Singapore based on supply and demand.
“For us, the advantages are Singapore is a busy air cargo hub, but also has one the busiest ports in the world.
“We are looking at this area of intermodal cargo – air-sea transhipment or sea-air transhipment.
“Depending on the economic cycle, if the supply is tight, shippers tend to go for air-air more, but when the market softens price conscious shippers may choose a slower but cheaper sea-air shipment.
“We are keen to grow our intermodal business to give customers different options for moving their goods.”
CAG’s drive to improve capacity management efficiency bodes well for several freighter operators that have invested in the airport since the start of the pandemic.
These include India-based Spice Express, Australian Tasman Cargo Airlines, and US-located Atlas Air.
SOURCE: AIRCARGO NEWS