RISING competition from air cargo services may dent any
windfall hopes for shipping container demand following the rebound in global
trade activities in the second half of 2020, reports Kuala Lumpur's
Malaysian Reserve.
As international passenger flights continue to be banned in
many countries, airlines have opted to fold down their seats to make room for
freight to meet demand and cover their operating losses.
According to official data, the total container throughput
at Port Klang's Westports dropped by four per cent for the first nine months of
2020. Export and import volume fell eight per cent compared to last year, while
transshipments rose five per cent year on year.
For the southern region, the Port of Tanjung Pelepas
saw a marginal decline of 0.6 per cent annually on its imports and exports for
10M20.
Bank Islam Malaysia economist Adam Mohamed
Rahim said Malaysia's ocean freight is expected to be flattish
before pointing upwards in 2021 following the gradual world economic recovery.
"Due to Covid, port operators in Malaysia have been
expecting lower container throughput amid weaker demand for goods worldwide
compared to previous years.
"In the near term, we foresee front-loading of cargo
during Christmas and ahead of Chinese New Year to support container throughput
towards the end of the year.
"Container throughput in 2020 is expected to be
flattish before recovering in 2021, barring any unforeseen circumstances from
the latest jitters of the mutated Covid-19 found in the UK," he told The
Malaysian Reserve.
Mr Rahim said concerns over the resurgent Covid are threats
to global sea shipment, which was disregarded as among the beneficiaries in the
distribution of vaccines.
"The only major drag on global container throughput in
2021 will be China's decision to limit access to ships if there is a rise in
Covid cases.
"Concerning the vaccine distribution, air freight will
be the main mode of transport as it is faster," he said.
Meanwhile, the government's expenditure allotted under
Budget 2021 for transportation and infrastructure will indirectly boost the
country's container throughput due to the higher demand for building
materials," he said.
Source : HKSG / Photo : The Star.
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