Limited Air Freight Capacity
China and Europe still have critically limited available capacity due to prevailing market conditions including the Zero COVID policy in China and the ongoing war in the Ukraine. Shanghai Airport remains essentially closed given the current lockdown situation with no end date planned.
Expect critically limited available capacity, especially from all other Asia gateways including, Hong Kong, Kuala Lumpur, Seoul, Singapore, Taipei and Dubai in the Middle East to continue into the summer shipping season. Rates are expected to remain high on fuel costs and capacity related restrictions assuming continued strong consumer demand.
European Gateways will remain under pressure due to the conflict in the Ukraine. Expect cargo delays on transcontinental routes moving via European Gateways as airlines must re-route flights around restricted airspace until further notice.
Middle East Supply Chain Update
Sea Freight
Following the withdrawal of war risk coverage as of 5 March, most carriers have suspended new bookings to and from the Middle […]
Information about effects of Middle East escalation
Due to the current geopolitical development in the Middle East, we would like to inform you about the potential impacts on ongoing and […]
The war in Iran is having a massive impact on shipping and air freight
The situation in the Middle East is escalating, causing massive disruptions to maritime shipping. Maersk and Hapag-Lloyd have suspended all ship passages through […]
