Incheon sees massive transhipment rise

A growth in imports and in particular transhipment cargo helped Seoul’s Incheon airport counteract a decline in export volumes in 2006, enabling it to clock up an 8.7 percent increase in cargo volumes to 2,336,571 tonnes for the year and a 9.7 percent yearon year rise in March. The weakness in exports from Korea was […]


A growth in imports and in particular transhipment cargo helped Seoul’s Incheon airport counteract a decline in export volumes in 2006, enabling it to clock up an 8.7 percent increase in cargo volumes to 2,336,571 tonnes for the year and a 9.7 percent yearon year rise in March.

The weakness in exports from Korea was caused by the strength of the won and a fall in demand for air cargo due to high fuel prices, according to Zeno Yoon, manager of the airport’s hub strategy team. However, transhipment – particularly from China and South East Asia, and particularly carried by Korean Air Cargo– more than counteractedthis, growing 48.9 percentin 2006 and 50.6 percentyear on year in the monthof February.

Transhipment growth was helped by the start of new freighter services by Great Wall Airlines, Jade Cargo International, and Cargo360 in 2006, along with JP Express, China Cargo Airlines, Focus Air and Aerofl ot in the fi rst quarter of 2007. The airport has also focused on encouraging integrator traffi c, and as a result has seen FedEx increase its frequencies from 18 to 23 and UPS from 24 to 26. DHL is also due to start gateway terminal operations in 2008.