Maersk Air Cargo is set to launch with three B767Fs before adding two B777Fs in 2024. In response to ongoing airfreight challenges and constraints posed by the Ukraine war, the Nordic air cargo market is striving to innovate and invest to adapt to new circumstances. The region, which includes Denmark, Sweden, Norway, Finland, and Iceland, has faced turbulence over the past few years due to reduced air cargo capacity caused by the decline in passenger flights during the Covid pandemic.
As lockdown restrictions began to ease and bellyhold operations resumed, there was hope for a return to normalcy. However, the situation took a turn for the worse in late February when Russian tanks entered Ukraine, leading to sanctions that affected aviation. Of particular impact to the Nordic air cargo market was Russia’s airspace ban.
Finnair, for example, had to reroute flights to avoid Russian airspace, resulting in longer flight times and increased costs. Despite the challenges, Finnair Cargo recorded a record year in 2021, with revenues growing by 88.3% compared to 2020. The company has continued to adapt to the changing landscape, utilizing alternative routes and maintaining partnerships to ensure smooth transit traffic through the Nordics.
Similarly, DSV Air & Sea Nordics has had to navigate the challenges posed by the pandemic and ongoing geopolitical events. The company has suspended operations in Ukraine and restricted shipments to and from Russia and Belarus, with exceptions for medical and humanitarian supplies. Despite these obstacles, demand for air cargo in the Nordic region remains high, with exports and imports continuing to grow.
Companies in the region, such as Maersk and Bluebird Nordic, are investing in expanding their freighter fleets and adopting digital technologies to improve efficiency. Maersk Air Cargo plans to launch its own cargo airline with a focus on increasing airfreight volumes, while Bluebird Nordic is expanding its fleet with the addition of B777 freighters.
In conclusion, the Nordic air cargo market is facing ongoing challenges but remains resilient and adaptable in the face of adversity. Companies are investing in innovation and infrastructure to meet the evolving demands of the industry and ensure continued growth and success in the future.
