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Surging ocean freight sending ripples into airfreight
Forwarders are reporting that the surge in Asia-to-Europe ocean freight is also impacting airfreight.
Dr.G.R.Balakrishnan May 11 2024 Logistics News (Airlines & Aviation)

Surging ocean freight sending ripples into airfreight

One ocean-focused forwarder based in Singapore said: “It’s having a spill-over effect into airfreight ex-Asia to Europe – and even to North and South America.

“Especially for Asia to Europe, due to the uncertainty and delays with ocean shipments, we have seen quite a few customers converting to airfreight – to the point that even sea forwarders are enjoying an upswing in airfreight business.” He added that airlines were starting to withdraw long-term winter and summer schedule rates: “Airlines are now offering rates on a monthly basis for Asia to Europe and Asia to Americas,” he said.

Disruption has also boosted sea-air transhipments via the Middle East and Indian sub-continent.

WorldACD said yesterday 10 May tonnages and rates from the Middle East to Europe were “highly elevated”, with tonnages up 40% year on year, boosted by sea-air traffic.