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Dec 11,2021

Air freight service: shipping market dynamics in week 49

Asia

North China: Air supply logistics demand and prices continued to rise this week. Affected by the Omi Keron variant of the new crown virus, the market's response speed was faster than expected. For pallet cargo, there are still not many spaces in the market that can be purchased at a higher price.

 

South China: South China Trans-Pacific Eastbound (TPEB) export market conditions remain the same as the previous week. Spaces are tight, prices remain high, and shippers are scrambling to ship the goods before the end of the year. Due to the uncertainty brought about by the new variant of the new crown virus, some flights on the Far East and West Nordic Route (FEWB) have been cancelled. It is expected that space will be tighter and prices will continue to rise.

 

Taiwan, China: The market is still very tight and the space is limited, which has caused the detention time at the place of shipment to be extended. The earliest departure time of the standard shipping service has been pushed to the last week of December, and cargoes destined for the east coast of the United States have been particularly affected. In addition, it is expected that both the Trans-Pacific Eastbound Route (TPEB) and the Far East-West Nordic Route (FEWB) will implement price increases starting from December 13. On the FEWB route, direct flights to London Heathrow Airport (LHR) are expected to resume operations this month, but due to the pessimistic epidemic in Europe, the frequency of such flights will remain at a low level.

 

Southeast Asia: Vietnam's export space is still tight. To make the capacity shortage worse, Cathay Pacific cancelled multiple flights to prevent the spread of new variants of the new crown virus, and the imbalance between supply and demand has further intensified. This market situation is expected to continue until January.

 

Shipping From China To USA

 

Southeast Asia: Vietnam's export space is still tight. To make the capacity shortage worse, Cathay Pacific cancelled multiple flights to prevent the spread of new variants of the new crown virus, and the imbalance between supply and demand has further intensified. This market situation is expected to continue until January.

 

The rising prices of Air supply logistics indicate that the imbalance between demand and capacity is still continuing, and prices continue to rise this week. Some passenger flights were resumed on transatlantic routes, but the cargo spaces on these flights were sold out in an instant. Space is still tight. It is recommended to consider the longer transit time when transporting, and to choose sub-hubs with more passenger traffic (such as Detroit and Minneapolis) for transshipment.

 

Facing the market with Omik’s capacity, it is a feasible solution to divide the goods into smaller batches and transport them multiple times.

 

Congestion at the Amsterdam International Airport (AMS) cargo terminal has improved and is being closely watched. Stakeholders of AMS have been working closely to pay attention to this issue and have formulated actions/preparatory plans to deal with the possible surge in imports and exports. Cargo terminal congestion in other European hubs is still a bottleneck. It is expected that this situation will continue until the end of the year and will have a negative impact on the transit time of all freight forwarders.

 

For all routes sent from Europe, we continue to suggest: book as early as possible to get the best price and route plan.

air supply logistics

America

Shipping From China To USA's high-level export demand will continue into the last few weeks of December. For large quantities of cargo sent from all export hubs to Europe, Latin America or Asia, it may take 2 to 4 days from booking to take-off.

 

The U.S. authorities lifted the ban on European Union passengers, and European airlines are gradually increasing the cargo capacity in the belly cabin of passenger planes. Routes to Latin America have also deployed additional capacity.

 

The trans-Pacific westbound route (TPWB) and the transatlantic eastbound route (TAEB) have not yet cancelled flights due to the new variant of the new crown virus.

 

Los Angeles International Airport (LAX)/Chicago O’Hare International Airport (ORD)/New York Kennedy Airport (JFK) is still facing a large backlog of ground handling, starting to use off-airport facilities to deal with the influx of cargo, which will also affect due to the trickle-down effect Export of goods. Many airports have shortened the free inventory time and adopted earlier customs clearance time for export goods to allow longer time for sorting and screening.

 

Prices sent to Latin America, Europe and Asia are showing seasonal increases, and the price level will continue into the last few weeks of December. The fuel surcharge has been slightly reduced.

 

Due to the current influx of inbound cargo into the terminals of major European hubs, the transit time to these hubs has been significantly extended.

 

It is recommended to book in advance in consideration of the current detention time at the airport.

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