News Podcast | Apr 2024 | Middle East erupts, Dali general average, IATA CNS ‘live’ and forwarders hit back
In this episode, host Mike King and guests examine what the latest escalation of conflict in ...
Drewry’s monthly chart of misery – for air cargo – shows that air freight rates (on key east-west lanes) dropped to another record low in June, at under $2.90 per kg. And there is little hope of change in the near future. Drewry’s Sea & Air Shipper Insight states: “Whereas the eastbound transpacific has taken the brunt of pricing falls in recent months, June’s decline affected all the main east-west trades in broadly equal measure. Weak cargo growth coupled with rising capacity has further weakened the market, the latter fuelled by booming passenger demand which added more unwanted bellyhold space. Drewry expects air freight pricing to remain weak over the next few months, as carriers release additional passenger capacity.”
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Iran may now pose a threat to multimodal supply chains via Dubai
Capture of MSC Aries will further drive up Indian export costs
Alex Lennane
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