Weekly Air Operations Update: Shanghai to Europe, US and Australia 16/06/23

Shanghai to London

• A large number of European flights have been cancelled this week due to NATO military exercises; air rates remain high
• Airport operations are currently normal
• Hauliers are working as normal
• No weather disruptions
• Space is currently open
• Rates are up slightly this week

Shanghai to New York

• Ecommerce goods are still the main focus of the market; the high volume of ecommerce goods has led to tight space and high rates
• 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

• Ecommerce goods are still the main focus of the market; the high volume of ecommerce goods has led to tight space and high rates
• 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

• A large number of European flights have been cancelled this week due to NATO military exercises; air rates remain high
• Airport operations are currently normal
• Hauliers are working as normal
• 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

• China to make up fewer than half of America's low-cost Asia imports

  CHINA will soon account for fewer than half of the America's low-cost imports from Asia for the first time in more than a decade, new data shows, as western companies shift operations out of the country, reports London's Financial Times.

  According to an annual reshoring index from Kearney, the Chicago-based management consulting firm, US efforts to reduce reliance on China, as well as price-sensitive American buyers, are driving trade towards lower-cost alternatives in Asia.

  "By the end of 2023, China's portion of US imports" from low-cost Asian countries, which excludes Japan and South Korea, "will definitely have dropped below 50 per cent," said report co-author Patrick Van den Bossche.

  The US and China are each other's largest respective trading partners. Last year, Chinese goods made up 50.7 per cent of US manufactured imports from Asian countries, according to the Kearney Reshoring Index, which is based on US trade data. That was down from nearly 70 per cent in 2013.

   

• N. China
  

  An increase in passenger capacity for the summer schedule is keeping overall capacity (freighter + passenger) relatively stable, along with average rates. The spot market is increasing as carriers and forwarders are less desperate to fill their empty space.
  
  

• S. China

  An increase in passenger capacity for the summer schedule is keeping overall capacity (freighter + passenger) relatively stable, along with average rates. The spot market is increasing as carriers and forwarders are less desperate to fill their empty space.