Weekly Air Operations Update: Shanghai to Europe, US and Australia 17/03/23

Shanghai to London

• Market rates have continued to rise this week as export volume increase and space is becoming tight
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open but becoming tighter
• Freight rates continued to rise as exports increased significantly this week
• ZH and CK will resume new direct flights from Shenzhen to London next week

Shanghai to New York

• Market rates have continued to rise this week as export volume increase and space is becoming tight
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open but becoming tighter
• Freight rates continued to rise as exports increased significantly this week

Shanghai to Los Angeles

• Market rates have continued to rise this week as export volume increase and space is becoming tight
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open but becoming tighter
• Freight rates continued to rise as exports increased significantly this week

Shanghai to Frankfurt

• Market rates have continued to rise this week as export volume increase and space is becoming tight
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open but becoming tighter
• Freight rates continued to rise as exports increased significantly this week

Shanghai to Melbourne

• Space on the Australia route is getting tight this week as electronics manufacturers are launching new products, and prices are rising
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open but becoming tighter
• Air rates are beginning to rise

Shanghai to Sydney

• Space on the Australia route is getting tight this week as electronics manufacturers are launching new products, and prices are rising
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open but becoming tighter
• Air rates are beginning to rise

Market intel

• Air cargo capacity increases above pre-pandemic level

  AIR cargo capacity is continuing to climb and rose above the pre-pandemic level for the first time in four years, according to the latest market analysis from CLIVE Data Services.

  Global air cargo capacity increased for the eleventh consecutive month in February, up 11 per cent on the same period last year.

  Meanwhile, global air cargo volumes fell four per cent year on year and rates stabilised, reports London's Air Cargo News.

• N. China
  

  TPEB demand has decreased this week with rates also lowering as well. The FEWB market is showing an opposite trend with both demand and rates increasing from the week prior.

• S. China
  

  TPEB supply is tight with demand increasing in the market, resulting in rates increasing from the week prior. The Far East Westbound (FEWB) market is following at a similar trend but at a slower pace. As demand increases, expect longer booking times at origin.