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High ocean freight rates are causing European importers to reduce shipments of low-margin and bulky products from Asia, making it economically unfeasible to load such cargo. The soaring costs and additional surcharges imposed by carriers to guarantee space on westbound trade routes are leading to a decline in shipments. This decrease in volume is unexpectedly cooling down the overheated Asia-Europe spot market. The market remains volatile, and with blank sailings expected, it will be crucial to observe the trend over the upcoming two weeks to gauge further developments. Source: JOC #RSLogistics #Freightforwarding #Freightforwarder

Important updates to the Red Sea situation...  👇🏻 As the Red Sea situation continues into Q3 2024, businesses and carriers are expected to face challenging times ahead. We share more in our latest customer market update here: https://lnkd.in/eTa_ytu7 Here are some key highlights: 👉🏻 Asian exports will to be more affected than Asian imports. 👉🏻 Disruptions are causing congestions across primary route, alternative routes and key transshipment hubs. 👉🏻 Air freight remains an alternative solution for time-sensitive cargo. Reach out to me or click the link above to find out more!

In August, air freight prices on trans Pacific routes rebounded due to the continued busy market conditions, and companies began to pay attention to the expected strong peak season. The latest data from the Baltic Exchange Air Transport Index (BAI) calculated by the TAC index shows that the freight cost from Hong Kong to North America in August increased from $5.72 per kilogram a month ago to $5.96 per kilogram, a year-on-year increase of 22.9%. Over time, the prices in this industry have continued to rise and have surpassed the $6/kg mark by the end of August. In terms of freight rates between Hong Kong and Europe, there has been a slight decrease in August compared to July, from $4.50/kg a month ago to the current $4.43/kg. However, the year-on-year growth in August was 21.4%, still far higher than last year's level The latest data confirms that the stable tone of the summer market continues, and summer prices usually fall before the peak season Send your daily inquiry to Augus@air-supply.cn! 🤖 #air #freightforwarder #freight #shipment #cn #china #us #import #export #logistics

Global Market – What we need to know as the logistics community * Global maritime trade volumes decreased by 0.4% in 2022 but are estimated to have recovered by 2.4% in 2023 and maintain a growth rate of 3 to 4% in 2024 and 2025. * Air freight activity sentiment for exports and imports across various regions showed a significant positive shift between 2023 and 2024. * Europe and the Mediterranean regions dominate Both imports and exports, with North America And the Far East also playing significant roles in the UK Trade. #importsexports #logistics #airfreight #maritimetrade

✈️ Global air cargo rates continue to rise by TAC Index Shanghai's Outbound Trade Surges 8.9% on Strong Demand for Chinese Exports, Especially to Europe and the U.S. Rates from China are seeing a notable surge once more, as indicated by the index of outbound routes from Hong Kong, which climbed an additional 5.2 percent week over week (WoW). This increase was observed across almost all major lanes, significantly reducing its year-over-year (YoY) decline to just 7.9 percent. Read the full article 👇 #regencyfreight #airfreight #oceanfreight #roadfreight #logistics #logisticsUK

If there's one thing on everyone's mind, it's the Red Sea situation. With the situation projected to persist in 2024, carriers and businesses will undoubtedly have an uphill battle ahead. Here are the important updates: https://lnkd.in/e6TNburw For Asia, Intra-Asia routes continue to be affected with Asian exports taking a heavier toll than imports. Regardless, we remain committed to working through these challenges and minimizing disruptions to your supply chains. Connect to find out about alternative solutions to explore, such as air freight transportation.

The Return Of Capacity And Equipment Issues From Asia Capacity and equipment shortages have returned for Asia ocean freight movements, with current market conditions beginning to look a little similar to those that followed the pandemic. Read more about this in our news article via the link below https://buff.ly/4bbqirp #freightnews #supplychain #import #export #containerships #logistics #westbound #digitalfeelpersonaltouch

Air freight rates rise as Vietnam becomes a major export hub ✈️ ✈️ The air cargo market is seeing a significant surge in rates. This is driven by strong demand and tight capacity, especially on routes from Asia to North America and Europe.

 Ocean - TPEB We have entered peak conditions for Transpacific Eastbound Ocean freight in May. Imports are up 6.8% year-over-year (YoY) and this increased demand is expected to continue through the traditional peak season, with June imports projected to be 10.7% higher YoY. **Floating Rates:** The $1000 General Rate Increase (GRI) implemented in the first half of May has remained, and another $1000 GRI is expected for all Transpacific Eastbound routes due to the peak conditions. Carriers anticipate these rate hikes will persist and possibly accelerate in the short term, as vessels departing Asia are expected to be full through May and June. The Pacific Southwest is full, and the Pacific Northwest is nearing full capacity through the end of May and into June, particularly for shipments from Vietnam and South/East China (Yantian/Shanghai/Ningbo) to the Pacific Southwest. **Fixed Rates:** Starting June 1, carriers will implement a Peak Season Surcharge (PSS), with a likely increase on June 15. More updates will be provided later this month as plans are finalized. 1. #LogisticsSolutions 2. #GlobalShipping 3. #SupplyChainManagement 4. #CargoServices 5. #CustomsClearance 6. #InternationalFreight 7. #TransportationServices 8. #WarehousingSolutions 9. #ShippingIndustry 10. #FreightForwardingExperts

&In Week 44, global air freight rates rose by 2% compared to the previous week,reaching $2.71 per kilogram, up 12% year-on-year. Rates remained stable for North America, Central and South America (CSA), and the Middle East and South Asia(MESA). & Spot rates from China to Europe increased by 12% from the previous week, reaching $4.68 per kilogram, while rates from China to the U.S. reached $5.90 per kilogram. & Compared to the previous week, Europe's export capacity declined by 6%, which drove up load factors and trans-Atlantic westbound rates to accommodate reduced belly capacity. #AIRSUPPLY #AIRFREIGHT #INTERNATIONALLOGISTICS