According to a recent report by the Hong Kong SAR Government News network, the Hong Kong SAR government announced that from January 1 2025, the regulation of fuel surcharges on cargo will be abolished. With the deregulation, airlines can decide on the level or no cargo fuel surcharge for flights departing from Hong Kong. At present, airlines are required to charge cargo fuel surcharges at levels announced by the Civil Aviation Department of the Hong Kong SAR Government.
According to the Hong Kong SAR Government, the removal of the fuel surcharge regulation is in line with the international trend of relaxing the regulation of fuel surcharges, encouraging competition in the air cargo industry, maintaining the competitiveness of Hong Kong's aviation industry and maintaining Hong Kong's status as an international aviation hub. The Civil Aviation Department (CAD) requires airlines to publish on their websites or other platforms the maximum level of cargo fuel surcharges for flights departing from Hong Kong for public reference.
Before the deregulation, the Hong Kong SAR Government arranged a six-month preparatory period, that is, from July 1 to December 31, 2024. The HKSAR Government will set up a communication platform to facilitate the smooth transition of the air cargo industry.
Regarding Hong Kong's plan to abolish international freight fuel surcharges, Senghor Logistics has something to say: This measure will have an impact on prices after implementation, but it does not mean absolutely cheap. According to the current situation, the price of air freight from Hong Kong will be more expensive than that from mainland China.
What freight forwarders can do is to find the best shipping solution for customers and ensure that the price is the most favorable. Senghor Logistics can not only arrange air freight from mainland China, but also arrange air freight from Hong Kong. At the same time, we are also the first-hand agent of international airlines and can provide freight without middlemen. The promulgation of policies and the adjustment of airline freight rates may be challenging for cargo owners. We will help you make freight and import affairs smoother.
Post time: Jun-17-2024
