Air- and oceanfreight forwarder and customs brokerage Flexport has commenced operations at its regional headquarters in Hong Kong. Yesterday’s announcement expands the U.S.-based online startup’s reach into Asia. “Hong Kong is one of the busiest cargo hubs in the world, with five-hour flight connections to key Asian cities,” said Flexport CEO Ryan Petersen.
With two of the largest ocean ports in the world – the Port of Hong Kong and the Port of Shenzhen – and the world’s busiest cargo airport (HKG), Hong Kong presents a massive market ripe for disruption. Most air cargo from Shenzhen and southern China moves out of HKG, which has more international air connections than its mainland competitors.
Associate Director-General of Investment Promotion Jimmy Chiang explained that, “Flexport’s business proposition of an online platform for international trade will not only make handling shipment more efficient for clients, but also introduce new technologies and services to the industry.”