General overview: Space remains tight and rates are continuing to increase on routes from China to Australia, and this has been the case for some weeks now. We are also starting to see space become tight and rate increases on other key routes from Shanghai to Europe and North America.
The conditions at Dhaka Airport remain unchanged from last week. Several factors contribute to the ongoing accumulation of goods, including limited space in cargo facilities and a shortage of cargo airlines, leading to backlogs that have resulted in severe congestion and long queues of trucks.
Airfreight costs per kilogram of cargo from Dhaka to Europe and the US have increased and continue to rise. We’re awaiting an update from our local team about how the reported severe weather in Bangladesh is impacting this already difficult situation at Dhaka airport, and will provide a further update then if the situation has notably changed.
Shanghai to London
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations on Shanghai to London routes
- Weather is normal
- Space is getting tighter
- Rates are expected to increase in the coming weeks
Shanghai to New York
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is getting tighter
- Rates are expected to increase in coming weeks
Shanghai to Los Angeles
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is getting tighter
- Rates are expected to increase in coming weeks
Shanghai to Frankfurt
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is getting tighter
- Rates are expected to increase in coming weeks
Shanghai to Melbourne
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is very tight
- Rates are high and continuing to increase
Shanghai to Sydney
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- Weather is normal
- Space is very tight
- Rates are high and continuing to increase
Market updates
BA to 'pause' costly Beijing route in October.
BRITISH Airways (BA) will suspend flights from London, UK to Beijing, China in October following the longer flight times and increased costs that airlines have faced since the Russian airspace ban, reports London's Air Cargo News.
The Heathrow Airport-hubbed airline said in a statement that it would "pause" its flights to Beijing from October 26 until an unspecified date in November but intends to keep its schedule under review.
BA confirmed longer flight times following the Russian airspace ban were having an impact on the business but declined to comment on the potential impact of the decision on air cargo.
However, the airline hasn't stopped flights to China altogether. It confirmed: "We continue to operate daily flights to Shanghai and Hong Kong."
BA is not the only airline to cut flights to China. Virgin Atlantic said last month it would end its Heathrow-Shanghai route in October due to "significant challenges and complexities on this route".
Virgin has also opted not to continue its Hong Kong service due to the elongated route.
Although, while BA is still operating flights to Shanghai and Hong Kong, Virgin will no longer fly to China at all as it has no other routes to China in its network.
China:
As September is the traditional electronic products shipping season, a large volume of electronic products will begin to ship at the end of August, and now the air freight space situation gradually began to tense, air rates also began to rise gradually, it is expected that the air market will rise all the way until the beginning of October.
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