Shanghai to London
- The market is stabilising and rates remain higher than Q1, while demand has recovered through May and we are back to 2022 levels. Freighter capacity is being retired, specifically on TPEB as carriers are losing money due to low sell rates and high fuel costs. This situation will continue if the rate and fuel situations do not improve
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- No weather disruptions
- Space is currently open
- Rates are up slightly this week
Shanghai to New York
- The market is stabilising and rates remain higher than Q1, while demand has recovered through May and we are back to 2022 levels. Freighter capacity is being retired, specifically on TPEB as carriers are losing money due to low sell rates and high fuel costs. This situation will continue if the rate and fuel situations do not improve
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- No weather disruptions
- Space is currently open
- East USA rates are increasing
Shanghai to Los Angeles
- The market is stabilising and rates remain higher than Q1, while demand has recovered through May and we are back to 2022 levels. Freighter capacity is being retired, specifically on TPEB as carriers are losing money due to low sell rates and high fuel costs. This situation will continue if the rate and fuel situations do not improve
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- No weather disruptions
- Space is currently open
- West USA rates are increasing
Shanghai to Frankfurt
- The market is stabilising and rates remain higher than Q1, while demand has recovered through May and we are back to 2022 levels. Freighter capacity is being retired, specifically on TPEB as carriers are losing money due to low sell rates and high fuel costs. This situation will continue if the rate and fuel situations do not improve
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- No weather disruptions
- Space is currently open
- Rates are up slightly this week
Shanghai to Melbourne
- The Australian market is relatively stable and has not been affected by the large export volume of ecommerce cargo
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- No weather disruptions
- Space is currently open
- Air rates are rising slowly
Shanghai to Sydney
- The Australian market is relatively stable and has not been affected by the large export volume of ecommerce cargo
- Airport operations are currently normal
- Hauliers are working as normal
- No flight cancellations
- No weather disruptions
- Space is open
- Air rates are rising slowly
Market intel
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Asia airfreight slips 6pc as passengers soar away
AIR cargo freight tonne kilometres (FTK) fell by 5.5 per cent year on year in April, according to preliminary figures released by the Association of Asia Pacific Airlines (AAPA).
With offered freight capacity continuing to increase by 10.4 per cent, the average international freight load factor declined markedly by 10.1 percentage points to 59.8 per cent for the month, reports London's Air Cargo News.
AAPA director general, Subhas Menon, said: "Air cargo markets fell 11 per cent, underlining the challenging business environment amid rising uncertainty in global economic conditions."
AAPA added that export activity remained relatively muted, held back by declines in new business orders and trade barriers due to geopolitical tensions. The easing of supply chain pressures also encouraged a shift to maritime shipping, it said.
In contrast, the April figures showed continuing recovery in the passenger market. Collectively, Asia Pacific airlines recorded a 250 per cent year-on-year increase in international travellers carried to a total of 20.3 million.
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N. China
Affected by a large launch of e-commerce shipments, the current flight space from North China to Europe and the United States is still relatively tight, and the freight rate is at a relatively high level.
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S. China
Affected by a large launch of e-commerce shipments, the current flight space from South China to Europe and the United States is still relatively tight, and the freight rate is at a relatively high level.
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