CHARTER broker Air Partner is expecting marginal growth in general cargo volumes this year while overcapacity is predicted to persist.
In an outlook for the year ahead, Air Partner vice president of global cargo Pierre van der Stichele, said he expected the general cargo industry to grow'marginally' by around 4-5 per cent, although he added that a slow recovery in the global economy and geopolitical tensions may impede improvements.
The charter sector is expected to see ongoing humanitarian demand and capacity is expected to outstrip demand, he said.
'The overcapacity issues we saw emerge post-pandemic are expected to persist, forcing players in the industry to search for a harmonious balance between supply and demand while mitigating an imbalance of costs between the supplier and the customer,' said Mr van der Stichele.
'Finally, with the ongoing humanitarian crises, there is potential for increased demand for long-term humanitarian projects that require chartering aircraft to help deliver aid solutions.'
On market challenges, he said that geopolitical tensions could result in the addition of new trade barriers, reports London's Air Cargo News.
'While the air cargo industry is very resilient there are some areas of concern that operators and companies will have to pay attention to over the next year or so,' he said.
Looking at Air Partner's focus sectors for the coming 12 months, Mr van der Stichele said the company would focus on its time-critical business.
SeaNews Turkey
In an outlook for the year ahead, Air Partner vice president of global cargo Pierre van der Stichele, said he expected the general cargo industry to grow'marginally' by around 4-5 per cent, although he added that a slow recovery in the global economy and geopolitical tensions may impede improvements.
The charter sector is expected to see ongoing humanitarian demand and capacity is expected to outstrip demand, he said.
'The overcapacity issues we saw emerge post-pandemic are expected to persist, forcing players in the industry to search for a harmonious balance between supply and demand while mitigating an imbalance of costs between the supplier and the customer,' said Mr van der Stichele.
'Finally, with the ongoing humanitarian crises, there is potential for increased demand for long-term humanitarian projects that require chartering aircraft to help deliver aid solutions.'
On market challenges, he said that geopolitical tensions could result in the addition of new trade barriers, reports London's Air Cargo News.
'While the air cargo industry is very resilient there are some areas of concern that operators and companies will have to pay attention to over the next year or so,' he said.
Looking at Air Partner's focus sectors for the coming 12 months, Mr van der Stichele said the company would focus on its time-critical business.
SeaNews Turkey