Changi stable in 2015, invests in niche cargo segments
Singapore Changi Airport did see growth in some niche sectors like pharmaceuticals cargo segment, which registered a 44 per cent growth year-on-year in 2015.
January 27, 2016
By Donald Urquhart
While passenger traffic and aircraft movements set new records at Singapore Changi Airport, ‘stability’ was the word of the year for airfreight movements which held steady at 1.85 million tonnes for 2015.
While Changi Airport’s total cargo throughput was little changed from a year earlier, there were pockets of growth in niche cargo segments and investment in new cargo infrastructure is expected to drive further growth in some of these niche sectors. For instance, there was strong double-digit growth in the pharmaceuticals cargo segment, which registered a 44 per cent growth year-on-year in 2015.
Supporting the growth of the express cargo segment, Changi Airport Group and DHL Express announced plans in March 2015 to build a 24-hour express facility at the Changi Airfreight Centre that will be completed later in 2016 to support the growth of trade within the region. The new facility would increase DHL’s throughput by three times and processing speed by six times, further anchoring Changi Airport’s position as a key cargo and logistics hub in Asia.
Similarly, SATS is also investing in an e-Commerce Hub at Changi Airport to tap the region’s booming e-commerce market, with Singapore Post (SingPost) as its anchor customer. Expected to be completed in December 2016, the new facility will improve efficiency and space utilisation, as well as enhance the consignment handling capabilities for both SATS and SingPost. SATS will be the first ground handler in the world to own such an airside facility.