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.

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The Chinese government released a temporary three-phased schedule for reopening Shanghai as from 1st

Ocean carrier alliances are preparing to blank more than a third of their sailings from Asia over

In Shanghai, the lockdown is being eased in some parts of the city. Although there are signs of

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