kết quả dữ liệu bongdasoNews #114 - Rates Edge Up Amid Ocean Shipping Disruptions

Global airfreight rates edged higher last week, reflecting shifts in market dynamics due to disruptions in ocean shipping. According to kết quả dữ liệu bongdaso latest data from TAC Index, kết quả dữ liệu bongdaso premier price reporting agency for airfreight, kết quả dữ liệu bongdaso globalBaltic Air Freight Index (BAI00)rose by0.4%in kết quả dữ liệu bongdaso week ending May 26. While kết quả dữ liệu bongdaso index remains5.5% lower year-on-year, industry sources suggest rates may climb further in kết quả dữ liệu bongdaso coming weeks.

kết quả dữ liệu bongdaso recent stand-off on tariffs between kết quả dữ liệu bongdaso U.S. and China, which led to canceled ocean shipments, has prompted speculation that shippers may turn to air cargo as an alternative. This shift could potentially create a "COVID effect," reminiscent of kết quả dữ liệu bongdaso increased air cargo reliance seen during kết quả dữ liệu bongdaso pandemic. However, some experts note that ongoing customs challenges are causing hesitancy in certain U.S.-bound shipments.

Regional Highlights

Asia Pacific:
Rates from China rose week-on-week for both U.S. and European destinations, although they remain below last year’s levels.

General cargo activity on transpacific lanes remains steady, while e-commerce demand continues to lag.

Spot market activity has grown, driven by kết quả dữ liệu bongdaso cancellation of numerous block space agreements (BSAs) earlier this year. Spot rates, particularly from Shanghai (BAI80), surged6.1% week-on-week, rebounding from prior declines, yet they are still10.3% lower year-on-year.

By contrast, rates from Hong Kong (BAI30) dipped1.2% week-on-weekand are6.1% lower year-on-year.

Rates from Vietnam showed little change for European destinations but declined for U.S. routes, leaving them significantly lower year-on-year for both directions.

Rates from India also softened slightly week-on-week for both Europe and kết quả dữ liệu bongdaso U.S., and now sit well below year-ago levels.

Europe:
Airfreight rates from Europe remained largely stable, with variations across specific routes.

Rates to China posted gains, while those to kết quả dữ liệu bongdaso U.S. and Japan declined.

Frankfurt (BAI20) recorded a modest0.2% week-on-week increase, leaving rates8.7% higher year-on-year.

Outbound London Heathrow (BAI40) saw rates ease down0.8% week-on-week, now sitting4.1% lower year-on-year.

North America:
Rates from North America to Europe were flat overall but dropped for routes to China and South America.

Overcapacity on Latin American routes has emerged after substantial rate increases in kết quả dữ liệu bongdaso past year.

Chicago (BAI50) experienced a sharp11.3% week-on-week declinefollowing recent gains but remains4.1% higher year-on-year.

Market Insights

kết quả dữ liệu bongdaso global airfreight market continues to experience volatility as businesses navigate shifting trade policies and logistics disruptions. Spot market activity has intensified, reflecting kết quả dữ liệu bongdaso ongoing adjustments to supply chain dynamics. While certain routes, such as Shanghai to Europe, are rebounding, others face downward pressure due to overcapacity and softer demand.

As kết quả dữ liệu bongdaso industry adapts, kết quả dữ liệu bongdaso interplay of ocean shipping disruptions, customs challenges, and market adjustments will remain pivotal in shaping airfreight trends.

Source: https://aircargoweek.com/rates-edge-up-amid-ocean-shipping-disruptions/

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