Weekly Air Operations Update: Shanghai to Europe, US and Australia 03/02/23

Shanghai to London

• The market is somewhat bleak due to the post-Chinese New Year period
• Many factories will not resume production until 6 February
• Airport operations are currently normal
• Drivers are returning to work, which has eased the driver shortage
• No flight cancellations
• No weather disruptions
• Space is currently open
• Air freight prices have fallen to low levels

Shanghai to New York

• The market is somewhat bleak due to the post-Chinese New Year period
• Many factories will not resume production until 6 February
• Airport operations are currently normal
• Drivers are returning to work, which has eased the driver shortage
• No flight cancellations
• No weather disruption
• Space is currently open
• Air freight prices have fallen to low levels

Shanghai to Los Angeles

• The market is somewhat bleak due to the post-Chinese New Year period
• Many factories will not resume production until 6 February
• Airport operations are currently normal
• Drivers are returning to work, which has eased the driver shortage
• No flight cancellations
• No weather disruption
• Space is currently open
• Air freight prices have fallen to low levels

Shanghai to Frankfurt

• The market is somewhat bleak due to the post-Chinese New Year period
• Many factories will not resume production until 6 February
• Airport operations are currently normal
• Drivers are returning to work, which has eased the driver shortage
• No flight cancellations
• No weather disruption
• Space is currently open
• Air freight prices have fallen to low levels

Shanghai to Melbourne

• The market is somewhat bleak due to the post-Chinese New Year period
• Many factories will not resume production until 6 February
• Airport operations are currently normal
• Drivers are returning to work, which has eased the driver shortage
• No flight cancellations
• No weather disruption
• Space is currently open
• Air freight prices have fallen to low levels

Shanghai to Sydney

• The market is somewhat bleak due to the post-Chinese New Year period
• Many factories will not resume production until 6 February
• Airport operations are currently normal
• Drivers are returning to work, which has eased the driver shortage
• No flight cancellations
• No weather disruption
• Space is currently open
• Air freight prices have fallen to low levels

Other updates:

• Capacity Control to Prevent Rates from Falling Further
  According to The Loadstar, recent research out of South Korea predicts that container freight rates will be determined by how liner operators control their shipping supply, versus cargo demand. Concurrently, shipping lines agreed that stabilizing freight levels would maximize profits, rather than raising market share.

• N. China:
  As it is the period of Post-CNY, many factories have not resumed production yet, the export volume is at a low level, so the current air rates are at the lowest level in the past three years.

• S. China:
  As it is the period of Post-CNY, many factories have not resumed production yet, the export volume is at a low level, so the current air rates are at the lowest level in the past three years.