Airfreight Newsletter
The inbound market picked up further in March and space/capacity is an issue on many of the major inbound lanes with demand exceeding available airline capacity.
The situation is expected to remain, especially ex EU, where the recent blockage in the Suez Canal is likely to further increase demand for airfreight to/from Europe.
Capacity ex North East Asia to Australia is expected to be tight as well for the next couple of weeks due to new product launches by some of the high-tech companies.
The situation in the outbound market is similar. Some carriers have had to downgrade capacity because of stricter quarantine regulations at their home bases (i.e., Cathay Pacific).
This, in combination with one full freighter carrier pulling out of the Australian market all together (Polar Air), has tightened up space even further.
Market rates to/from Australia however remain relatively stable at the moment and no carriers have announced any major changes in relation to schedule changes or rate increases for April.
Please see the last article in the below summary which gives some further insight to the current situation in the airfreight market. Please keep in mind that the article summaries the global situation while the situation in the ANZ market is slightly different.
Must reads from the last week.
Browse some valuable industry information below:
Click to view >> Australia, Singapore aim for travel bubble
Click to view >> Airfreight rates start to fall
Click to view >> Capacity shortage
Click to view >> Emirates brings A380 back
Click to view >> Suez disruption
Click to view >> Melbourne flights resume
