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October 17, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. If rates have reached their floor, it is likely thanks to significant capacity management measures taken by carriers. The transpacific lane will have about 23% of deployed capacity blanked in October – the highest level since April.

Asia 156
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October 11, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. The outbreak of war in Israel has so far had little impact on ocean operations there or in the region, though many passenger and freighter flights to Israel have been canceled. Europe prices (FBX11 Weekly) decreased 10% to $917/FEU.

Asia 156
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December 6, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. With the threat focussed on Israel-linked vessels there has not been a significant impact on vessel flows through the Red Sea yet. Freightos Air Index data show that China – N. kg last week, with China – N. Europe – N.

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April 16, 2024 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. In air cargo, B2C e-commerce demand out of China continues to be the biggest driver of strong volumes, tighter capacity and upward pressure on rates to N. With Freightos Air Index prices from China to N. Europe – N.

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November 28, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. Carriers have been reducing capacity through blank sailings and other measures in response. After three attacks on Israel-linked vessels in the Red Sea, including one container ship, ZIM Lines decided to divert one ship around the Cape of Good Hope.

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December 13, 2023 Update

Freightos

Air rates – Freightos Air Index China – N. kg China – N. Rates maintaining or exceeding their recent gains would likely be a function of stricter capacity reductions aimed at getting prices up during long-term contract negotiations, though there are also signs that demand will start to improve ahead of Lunar New Year.

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Interoceanic Passages

Abivin

Chokepoints (or bottlenecks) are a term used to describe the most crucial strategic marine routes because they: Capacity limitations. Chokepoints commonly have shallow, constricting depths, which hinder navigation and place restrictions on ship capacity. In 1956, Israel, France, and Britain invaded Egypt as a result.

Panama 52