Top 10 Fastest Growing Seaports
10.) Port of Townsville
Thanks to an aggressive harbor (or ‘harbour,’ if you’re an Aussie) expansion project, the Port of Townsville is rapidly becoming one of Australia’s most critical ports. By adding berths and deepening the existing area, Townsville could eventually rival Australia’s other large eastern seaboard port cities, including Brisbane.
9.) Port of Kolkata
It might be one of the oldest ports structurally on this list, but India’s movement into the global marketplace has revived this former superpower. Originally built as the premier port of British India, India’s resurgence since independence has helped the Port of Kolkata resume international notoriety.
8.) Port of Durban
Africa is likely to become an increasingly attractive business location in this century, which makes the Port of Durban vitally important to trade on the African continent. Durban had the largest container terminal in the Southern Hemisphere, according to the AAPA World Port Rankings of 2009. The following year, Durban handled over 2.5 million TEU.
7.) Port Metro Vancouver
Easily one of the largest ports on this list, Port Metro Vancouver (formerly the Port of Vancouver) is the fourth-largest in North America in terms of volume handled, and is unrivaled in Canada. With 28 deep-sea and domestic marine terminals, it’s pretty clear that Vancouver will continue to be a major player as long as trade with Asia keeps up.
6.) Port of San Antonio
Possibly the most remote port on this list, the Port of San Antonio in Chile is the busiest port on the western coast of South America. Despite the devastating 1985 earthquake that destroyed much of the harbor’s infrastructure, the Port of San Antonio has since recovered, and was named the eighth major port in Latin America in 2006.
5.) Port of Yanbu
Located on the western seaboard of Saudi Arabia, the Port of Yanbu is responsible for shipping out a large portion of the nation’s petroleum. With all of the controversy surrounding the possible closure of the Strait of Hormuz, Yanbu’s importance could skyrocket, given its position on the opposite side of the Arabian peninsula.
4.) Port of Acu
Thanks to a growing regional economy, the ‘Superport’ of Acu is quickly becoming one of Brazil’s most important economic hubs. The port’s growth is seen as a key that will reportedly “change the future of port operations in Brazil.” Acu is specifically designed to meet growing international demand in the nation’s booming iron ore and coal business.
3.) Port of Bruges-Zeebrugge
Jutting out to the English Channel from the coast of Belgium, the Port of Bruges-Zeebrugge annually handles 50 million tons of cargo. One of the most attractive parts of doing business with Bruges-Zeebrugge is the wide range of trades the port handles. Specifically, Bruges-Zeebrugge has become Europe’s leading RoRo (roll-on/roll-off) port, easing transportation strain on cars, trucks and railroad cars.
2.) Port of Tianjin
We could put a half-dozen or so Chinese ports on this list, as the country is full of important international trading centers. However, none might be more important currently than Tianjin, which serves as the major maritime gateway of capital Beijing. Tianjin handled 413 million tons of cargo in 2010, which was the fourth largest output in the world at the time.
1.) Port of Savannah
The ‘Gateway to the South,’ the Port of Savannah handles almost all of the container shipping that comes into Atlanta, where it’s often shipped out via freight forwarding or freight rail. Improvements to both the Suez and Panama Canal might seem distant and far away, but the East Coast Savannah Express will link the Georgia port city with much of the world, including China. “These new services are a direct result of the Georgia Ports Authority's successful efforts to stay ahead of the growth curve and invest in terminal improvements and expansion,” said Doug J. Marchand, executive director of the Georgia Ports Authority, at the time of the announcement of the ESX. “The ability of South Atlantic ports to accommodate future growth both in terminal capacity and with nearby acreage for distribution centers are a very real issue for our customers. Savannah continues to be the nation's fastest-growing container port.”
Top 10 air freight carriers
10. Cargolux Group
The Luxembourgish freight carrier Cargolux Group (comprised of Cargolux Airlines and Cargolux Italia, established in 2008) remained in the number 10 spot, with a total reported FTK (Freight Tonne Kilometer) equaling 7.45 bn, which represents a 7.7% expansion year-over-year. The carrier group currently operates a fleet of 30 aircraft (26 through Cargolux Airlines and an addition four through Cargolux Italia), primarily variants of the Boeing 747.
9. Korean Air
Headquartered in Seoul, Korean Air provides cargo and passenger services to over 100 destinations in 44 countries. The carrier fell from eighth place in the previous year’s rankings, with a total FTK of 7.66 bn, representing a 7.1% decrease year-over-year. Korean Air reported a net revenue of $10.7bn in 2017, also reporting a return to profitability for the first time in five years, according to Forbes.
8. Air France-KLM
The Air France-KLM freight carrier group was founded in 1947. The group is comprised of Air France, KLM, and Martinair, and is based in Paris, France. Falling from seventh place in the Freight 50 rankings, the carrier reported a total FTK of 8.13 bn, which represents a 9.2% decrease in traffic year-over-year. The group reported a net revenue of $29.08bn at the end of 2017 and is ranked #28 on Forbes Magazine’s list of Best Employers.
7. Qatar Airways
Qatar Airways, the nationally owned airline of the Kingdom of Qatar is based in Doha, and ascended two places in the Freight 50 rankings, with a total FTK of 9.22 bn, representing a 19.6% increase in comparison to the previous financial year. The carrier’s Cargo division recently launched facilities at its hub in Doha to provide a “Seamless Cool Chain”, comprised of a “2,470 square metres Climate Control Centre situated at the airside… equipped with segregated temperature-controlled sections for storing pharmaceuticals and perishables.” This end-to-end supply chain control is expected to further improve Qatar’s standing as a leader of Middle Eastern air freight.
6. Lufthansa Group
Based in Cologne, Germany, the Lufthansa Group (comprised of Lufthansa, Swiss, Austrian, and Brussels Airlines) fell from the fourth position in the Freight 50, with a combined FTK of 9.46 bn. While this represents a 1.6% increase in traffic, year-over-year, the carrier was forced down the list by drastic growth from other German freight company, DHL. According to Forbes, Lufthansa’s revenue and net profits ($41.5 bn and $2.78 bn, respectively) in 2017 are both the highest reported by the company over a ten-year period.
5. Cathay Group
The Cathay Group (composed of Cathay Pacific Airlines and Dragonair) is headquartered in Hong Kong and its Cargo division accounts for 21% of the airline’s total revenue. The company’s first dedicated cargo flight between Hong Kong, Frankfurt, and London, was established in 1981, according to the official site. Now, Cathay Pacific’s Cargo Division services over 47 destinations worldwide. The carrier fell from the fourth position on the Freight 50 ranking, as its total FTK fell by 3.6%, to 10.21 bn. According to Forbes, Cathay Pacific experienced a second year of unprofitability, although the airline’s asset portfolio reached a record high in 2017, with a net value of $24.1bn.
4. DHL Express Group
Operating as the largest European carrier group, DHL Express Group (composed of DHL Air, DHL International, Air Hong Kong, Polar Air Cargo, ABX Air, Southern Air, Aerologic, and EAT Leipzig) rose two positions in the Freight 50 rankings. The carrier reported a total FTK of 10.56 bn, which represents an increase of 15.1% year-over-year. In 2018, at the Farnborough Air Show, DHL Express announced the purchase of 14 Boeing 777s, part of a new strategy to modernise its fleet.
3. UPS Airlines
Headquartered in Atlanta, Georgia, UPS Airlines is part of United Parcel Service, Inc. Founded in 1908, UPS is the oldest company in the Top Ten, and retained third place in the Freight 50 rankings, with a total FTK of 11.26 bn. This represents a 3.9% increase year-over-year. The Company as a whole reported a net revenue of $67.7 bn, according to Forbes, representing a continuation of a ten-year trend of continuous growth. Forbes also ranks UPS among the world’s top 100 most-innovative companies, and the world’s top 50 most-valuable brands.
2. Emirates Skycargo
The state-owned air freight carrier for the UAE, Emirates Skycargo remains in second place on the Freight 50, with a total FTK of 12.27 bn, representing a 0.4% decrease year-over-year. The carrier’s central hub in Dubai allows its 259-strong fleet to reach over 1.5 bn consumers in under eight hours. Current purchasing plans are underway for Emirates Skycargo to almost double its fleet size. According to Albawaba, “In response to increasing demand from its customers, Emirates SkyCargo introduced a range of air transport solutions specific to industry verticals including Emirates Pharma, Emirates Wheels and Emirates Fresh.” Emirates Wheels has transported close to 150 cars per month since the program’s inception.
1. FedEx Express
Founded in 1998, FedEx Express is both the youngest and largest air freight carrier worldwide, with a total FTK of 15.71 bn. Haulage decreased by 0.9% year-over-year, while revenue increased to $60.5 bn in 2016, and again to $63.8 bn in 2017, continuing an eight-year growth trend. FedEx employs 395,000 members of staff, with FedEx Express operating across twelve transport hubs globally. The carrier purchased an additional 24 Boeing 777 variants in 2018, maintaining their company’s position as the largest airline in terms of cargo haulage.