For air freight industy ,we call it big era as most players never seem such situaion before .
In the past weeks, the air freight keep increasing every day .
All exporter in China are anticipating ad hoc airfreight rates of US$10 per kilogramme, as shippers become desperate to release goods from China with little or no belly space.
According to most air liner,they will cancel about 80% of their flight in the coming weeks for CORONA VIRUS
European forwarder added that rates were already some $6 or $7 per kg, calling it a "global phenomenon".
Demand is through the roof. And supply is not increasing as carriers, if air liners are reducing further the scheduled passenger flights from Chinese gateways, especially in the north, around Beijing.T he market is going very much one way - We believe rates could hit $10 per kg by the end of the week.
in the other side at the moment demand is "exceeding supply massively", this could change.
we expect the market may slow if the world goes into isolation and people stop shopping. If there aren't shoppers, then there isn't demand, and supply becomes balanced.
Intra-Asia sea freight, meanwhile, is "all OK", with no issues on capacity or departures. The current demand for intra-Asian lanes is for manufacturing parts going to Southeast Asia, but that is expected to cool through the month.
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