ASIA - NORTH CHINA: The air supply shipping market was quiet this week, with carriers expecting an increase in cargo volumes. Considering the epidemic situation in Hong Kong, China, some goods may be diverted to North China, so demand in the second half of January may indeed increase.
Asia - South China: Several Trans-Pacific Eastbound (TPEB) flights from South China were cancelled in week 1 of the new year and may not resume in weeks 2 and 3 as airline crew members tested positive for the coronavirus. On the Far East-West North Europe route (FEWB), prices fell this week and the market was more plentiful than the previous week. Congestion at destination terminals has eased due to lower demand during the festive period.
Taiwan, China: The market demand is relatively sluggish after the beginning of the year, but it will rebound quickly before the Spring Festival. Cabin demand to San Francisco International Airport (SFO) remains high.
Southeast Asia: Vietnam's export demand dipped slightly after the holiday, and prices on the Trans-Pacific Eastbound (TPEB) were trending lower. Carriers prefer break-bulk cargoes to palletized cargoes. Most factories in Thailand reopened this week. Bangkok International Airport (BKK) export demand is rising, but remains lower than last month's volumes. Some airlines also adjusted their prices accordingly, which was slightly lower than the previous week.
Demand remained subdued this week, with Shipping From China To USA f to all North American destinations falling slightly. We expect the currently subdued demand to pick up in the coming weeks.
No change in capacity this week. The Omicron virus has caused some flight cancellations, but there is still more capacity due to sluggish demand in the market.
If you can accept a longer transit time, it is still recommended to choose an airline with a longer delay but with passenger capacity that can carry cargo in the belly hold to get a better price.
No congestion at European export hubs.
The advice for European exports is as always, book ahead to ensure the right price and shipping options. It is recommended to consider air freight for small shipments to obtain the most optimized price and shipping solution.
AMERICA - U.S. export demand fell slightly, with capacity at manageable levels.
The backlog of imported cargo at the Los Angeles International Airport (LAX)/Chicago O'Hare International Airport (ORD)/New York JFK (JFK) cargo terminal improved slightly, benefiting the export side.
It may take 2 to 3 days from booking to take off for bulk shipments from the Shipping From China To USA hub.
Some domestic and international flights in the U.S. have been canceled due to the Omikon virus.
Most cargo terminals have shortened the free inventory time and implemented an earlier cut-off time for export goods to allow for longer sorting and screening time.
Prices for Latin America have dropped after the holiday and summer holidays, but are still higher than normal. Prices to Europe and Asia remained stable, similar to previous weeks.
Congestion at European shipping hubs is improving, with the average dwell time at destinations slightly shortened.
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