Weekly Air Operations Update: Shanghai to Europe, US and Australia 31/03/23

Shanghai to London

• The market is relatively stable, with prices beginning to stabilise this week; the overall price level is still at quite high
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open
• Rates of UK lines are stable

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
• 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
• Freight rates continued to rise as exports increased significantly this week

Shanghai to Frankfurt

• The market is relatively stable, with prices beginning to stabilise this week; the overall price level is still at quite high
• Airport operations are currently normal
• Hauliers are working as normal
• No flight cancellations
• No weather disruptions
• Space is currently open
• Rates of EU lines are stable

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
• Air rates are beginning to rise slowly

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 slowly

Market intel

• Increasing signs of some improvement in air cargo market

  MORE reports have emerged recently suggesting that there might be a slight improvement in the air cargo market led by the ramping up of production in China.

  In its latest weekly market report, data provider TAC Index pointed out that the overall Baltic Air Freight Index covering prices by forwarders rose 3.5 per cent in the week to March 6, reports London's Air Cargo News.

  "After a prolonged period when spot prices had been falling and contracts getting renegotiated at lower levels, sources suggest the market may finally be close to reaching a bottom, with China reopening and the busy summer season coming soon," TAC said.

  The data provider had previously noted reports of spot rate and volume increases as production in China slowly ramps up again.

• N. China
  

  The market rates of North China is relatively stable this week.

• S. China

  European and American markets continued to rise this week, and prices remained relatively high.