{"id":39842,"date":"2021-07-08T11:44:05","date_gmt":"2021-07-08T03:44:05","guid":{"rendered":"https:\/\/investpenang.gov.my\/penang-air-cargo-to-improve-further\/"},"modified":"2025-11-28T15:04:56","modified_gmt":"2025-11-28T07:04:56","slug":"penang-air-cargo-to-improve-further","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/penang-air-cargo-to-improve-further\/","title":{"rendered":"Penang Air Cargo to Improve Further"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

Penang Air Cargo to Improve Further<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

5 July 2021<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”29756″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]July 5 – After experiencing eight quarters of sluggish business, the Penang air cargo industry expects to see an increase in the volume of outbound and inbound cargo this year.<\/p>\n

Penang Freight Forwarders Association (PFFA) honorary secretary-general Ali Ahmad (pic, below) said the association was confident the exported cargo volume would rise by at least 15%, from 67, 911 tonnes in 2020 to 79, 000 tonnes this year.<\/p>\n

This is due to the worldwide shortage and surge in the demand for electrical and electronic (E&E) components.<\/p>\n

\u201cThe imported cargo volume is expected to increase by about 15% from 30, 682 tonnes to 35, 284 tonnes this year, \u201d he told StarBiz.<\/p>\n

Ali said that for the first four months of 2021, PFFA handled 29, 079 tonnes of outbound cargo compared to 19, 962 tonnes handled in 2020, an increase of 31%.<\/p>\n

The inbound cargo increased by 14% to 13, 482 tonnes compared to 11, 588 tonnes in the same period of 2020.<\/p>\n

\u201cE&E components comprised over 70% of the cargo exported and imported, \u201d he said.<\/p>\n

Meanwhile, the air freight rates to Asian countries, which are badly affected by the Covid-19 coronavirus, have soared by over 300% since January.<\/p>\n

\u201cBecause of the lockdowns worldwide, airlines have reduced substantially their cargo capacity, triggering air freight rates to shoot up. The rates are now at all-time high.<\/p>\n

\u201cThe shortage of air cargo space has prompted our customers to use our trucking services to transport their cargo to Singapore from KL International Airport, \u201d he said.<\/p>\n

Depending on the destinations, the current air freight rates from Malaysia to Asian countries range from RM10 to RM15 per kg, while to the United States, the charges could go between RM45 per kg and RM63 per kg.<\/p>\n

To Europe, the rate hovers around RM18 to RM25 per kg.<\/p>\n

Meanwhile,\u00a0Pentamaster Corp Bhd\u00a0chairman C.B. Chuah said the group shipped out more test equipment via air in the second quarter than the preceding period.<\/p>\n

\u201dWe shipped out 33% more in the second quarter than the first quarter. The pick up should grow stronger in the third and fourth quarters of 2021, \u201d he added.<\/p>\n

Chuah said the global general electronic components market was expected to grow from US$337.12bil (RM1.40 trillion) in 2020 to US$378.68bil (RM1.58 trillion) in 2021 at a compounded annual growth rate (CAGR) of 12.3%.<\/p>\n

\u201cThe growth is mainly due to the companies rearranging their operations and recovering from the Covid-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working and the closure of commercial activities that resulted in operational challenges.<\/p>\n

\u201cThe market is expected to reach US$509.06bil (RM2.12 trillion) in 2025, at an 8% CAGR, \u201d he said.<\/p>\n

About 60% of Pentamaster\u2019s test equipment is shipped via air to customers in the United States, Japan and China.<\/p>\n

MMS Ventures CEO T.K. Sia said the group has shipped out 50% to 60% more test equipment to the United States and Europe in the second quarter compared to the first period. \u201cHalf of the orders are shipped via air while the remainder by sea, \u201d he added.<\/p>\n

Source: The Star<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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