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Global airfreight demand dives 23pc in March
来源： 编辑：编辑部 发布：2020/04/10 09:42:41
UK-BASED CLIVE Data Services says freight volume plunged 23 per cent in March. A month ago, CLIVE said global cargo weight (measured in gross weight or by a dimensional formula) was down nine per cent in February.
According to the International Air Transport Association (IATA), freight volume dropped 9.1 per cent in February, on a seasonally adjusted basis, as the effects of the coronavirus mostly impacted the China market. Asia-Pacific carriers fared the worst, with a 15.5 per cent decline in volume.
An IATA official warned that air cargo business could dive 20 per cent this year, reported New York's FreightWaves.
The Hong Kong-Europe trade lane, where reported volumes in the last week of March were 26 per cent higher than before the Chinese Lunar New Year started in late January, offers airlines a glimmer of hope that traffic can recover relatively quickly once economic activity returns to normal, CLIVE managing director Niall van de Wouw said in a statement.
Market watchers say air freight rates continue to climb well beyond the typical fourth-quarter peak season, with carriers cancelling long-term contracts and switching to spot contracts. But the surge appears to be losing momentum.
Rates for China to the US are up 150 per cent since the beginning of March, according to The Air Cargo Index, and are up 12.6 per cent to US$5.72 per kilogramme week-over-week, London-based Freight Investor Services said. China-to-Europe rates have doubled since four weeks ago and on a weekly basis are up 21 per cent to $4.58 per kg, the TAC Index and FIS respectively said in separate research notes.
FIS said outbound China rate gains were heavily influenced by the Shanghai-to-Frankfurt lane, where prices surged by 56 per cent from last week, FIS said. The freight derivatives brokerage said demand from Shanghai is outpacing that in Hong Kong, adding that rates in the region may be plateauing.
According to FIS, stable load factors from Europe to North America despite the shortage of freight space suggests that supply and demand are reaching equilibrium - especially with few orders for nonessential cargo such as apparel - and that no backlogs are developing.
"The price percentage increase has almost halved week-on-week, indicating a lack of energy in the price going much higher," said Peter Stallion, who heads the air freight desk at FIS, in an email.
According to the International Air Transport Association (IATA), freight volume dropped 9.1 per cent in February, on a seasonally adjusted basis, as the effects of the coronavirus mostly impacted the China market. Asia-Pacific carriers fared the worst, with a 15.5 per cent decline in volume.
An IATA official warned that air cargo business could dive 20 per cent this year, reported New York's FreightWaves.
The Hong Kong-Europe trade lane, where reported volumes in the last week of March were 26 per cent higher than before the Chinese Lunar New Year started in late January, offers airlines a glimmer of hope that traffic can recover relatively quickly once economic activity returns to normal, CLIVE managing director Niall van de Wouw said in a statement.
Market watchers say air freight rates continue to climb well beyond the typical fourth-quarter peak season, with carriers cancelling long-term contracts and switching to spot contracts. But the surge appears to be losing momentum.
Rates for China to the US are up 150 per cent since the beginning of March, according to The Air Cargo Index, and are up 12.6 per cent to US$5.72 per kilogramme week-over-week, London-based Freight Investor Services said. China-to-Europe rates have doubled since four weeks ago and on a weekly basis are up 21 per cent to $4.58 per kg, the TAC Index and FIS respectively said in separate research notes.
FIS said outbound China rate gains were heavily influenced by the Shanghai-to-Frankfurt lane, where prices surged by 56 per cent from last week, FIS said. The freight derivatives brokerage said demand from Shanghai is outpacing that in Hong Kong, adding that rates in the region may be plateauing.
According to FIS, stable load factors from Europe to North America despite the shortage of freight space suggests that supply and demand are reaching equilibrium - especially with few orders for nonessential cargo such as apparel - and that no backlogs are developing.
"The price percentage increase has almost halved week-on-week, indicating a lack of energy in the price going much higher," said Peter Stallion, who heads the air freight desk at FIS, in an email.