In May 2025, international air cargo demand grew by 2.2% year-on-year, demonstrating the industry's resilience. Despite a contraction in global manufacturing and the impact of U.S. tariff policies on certain regions, the Asia-Pacific region experienced the fastest growth in cargo demand at 8.3%. Additionally, falling oil prices provided relief for the airlines.
The HS code 5901901000 refers to oil painting canvases made from other textiles, with an export tax rate of 0%. This supports art trade, while both the value-added tax and export rebate are 13%. This code falls under the category of textile materials and products, contributing to the development of the art market.
Tuxpan Port, located on the east coast of Mexico, features deep-water channels and comprehensive logistics services. As an urban barge port, it facilitates efficient transportation of oil and dry goods, serving as a critical point in international trade. Whether for ship repairs, refueling, or emergency responses, Tuxpan Port caters to diverse needs, offering endless possibilities for the shipping market.
Port Louis, Mauritius' largest commercial port, is strategically located in a northwestern coastal fjord as a key South Indian Ocean shipping hub. Featuring multiple berths for containers, bulk cargo and oil, it also has dedicated sugar export terminals with excellent vessel reception capacity ensuring efficient and secure operations. Its prime location establishes Port Louis as a vital East African trade center.
Since its establishment in 2006, the Abu Dhabi Ports Group has actively promoted economic growth in the UAE by managing 11 ports and terminals. The group aligns with the Abu Dhabi Economic Vision 2030, contributing 3.6% to the non-oil GDP. Its efficient port management and application of smart technologies have positioned Abu Dhabi as a significant international logistics hub.
The risk of blocking the Strait of Hormuz has intensified, as the Iranian parliament passes a resolution that could severely impact the shipping industry. Shipping companies have implemented detour measures, significantly increasing transport costs, which may lead to a rise in global prices. The closure of the Strait of Hormuz will directly affect oil and gas supplies, posing a threat to global economic stability.
The trade landscape in the Middle East is rapidly changing, with countries reforming customs processes to promote the development of the non-oil economy. Saudi Arabia's total trade reached $286 billion in 2023, highlighting its regional dominance. As nations like Jordan, Iraq, and Kuwait actively expand international trade and seek economic diversification, customs reform is playing a crucial role. Partnering with efficient logistics providers will be key for businesses to navigate the complexities of customs.
In December, the shipping industry saw significant increases in shipment volume and freight rates due to the arrival of the year-end peak season. Factors such as suppliers working overtime, the depreciation of the yuan boosting profits, and falling oil prices stimulated the market. However, participants remain cautious about the industry's outlook for next year, as shipping companies continue to incur losses and structural issues persist, necessitating further observation of the overall situation.
Schiedam Port, a barge port southwest of Rotterdam, Netherlands, plays a significant role in the European shipping network due to its strategic location, comprehensive facilities, and professional services. With port codes NLSCM/NLSCI, it focuses on European feeder routes, offering services such as oil tanker unloading and LPG discharge. Its proximity to railways and airports ensures efficient and convenient cargo distribution. The port facilitates seamless connections within Europe's inland waterway transport system.
Leixões Port is a significant maritime hub on the northwest coast of Portugal, boasting a strategic location and comprehensive facilities. The port operates a mandatory pilotage system, ensuring high efficiency and offering a full range of services including ship repair and bunkering. With diverse terminal facilities, including berths for general cargo, bulk cargo, containers, and oil products, it possesses robust handling capacity. Leixões Port serves as a vital bridge connecting Europe to the rest of the world.
