All Baltic Exchange articles – Page 2
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Insights
Transpacific airfreight pricing dips below 2021 levels in August
Average airfreight rates on major air cargo routes to North America slipped below last year's levels in August as demand remained flat during the month.Figures from the Baltic Exchange Airfreight Index (BAI) show that in August, average airfreight rates from Hong Kong to North America declined 3.6% year on year ...
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News
Airfreight rates to grind lower despite high inventories
Airfreight rates are expected to "grind directionally lower" or remain stable compared with current levels despite figures showing high inventory levels.Writing in his monthly column in the Baltic Exchange newsletter, senior analyst at investment bank Stifel Bruce Chan pointed to US Census Bureau figures that showed inventory levels continued to ...
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News
Unexpected airfreight rate stagnation down to fuel prices and a slowing market
Many had expected the opening up of Shanghai and Hong Kong following strict Covid lockdowns to result in a surge in rates from Asia as factories played catch up following months of closure.However, TAC Index figures show that rates actually declined marginally in June compared with May from Hong Kong ...
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News
Airfreight rates on key lanes fall in June
Airfreight rates on key east-west trade lanes fell in June as the air cargo market enters the quieter summer period.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that airfreight rates from Hong Kong to North America dropped by 10.1% in June compared with May to $8.72 per ...
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News
China airfreight rates predicted to rise in coming months
Airfreight rates out of China are expected to rise over the coming months while the peak season could be muted, according to Bruce Chan, senior analyst at investment bank Stifel.In the latest Baltic Exchange market round-up, Chan said that rates out of Hong Kong and China had remained high over ...
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News
Airfreight rates pick up in May despite demand declines
Airfreight rates on major east-west trades continued to increase on a year ago in May despite analyst figures showing demand declines over the last few months.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average rates from Hong Kong to North America in May increased by 21.7% ...
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News
Airfreight rates to continue to rise despite easing demand?
The current easing of the airfreight market may only be a temporary blip and rates could rise further once lockdowns in China are lifted, according to Bruce Chan, senior analyst at investment bank Stifel.In the latest Baltic Exchange market round-up, Chan said that despite a year on year drop in ...
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News
Airfreight rates begin to rise in April
Airfreight rates on major east-west trades began to creep back up in April following the previous month's decline, as demand began to rise in line with seasonal trends.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in April the average rate from Hong Kong to North America ...
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News
Rates decline in March despite Ukraine crisis and Covid restrictions
Airfreight rates on major east-west trade lanes declined in March despite the impact of the Ukraine crisis on airfreight and supply chain disruption in Asia caused by Covid.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that in March rates on services from Hong Kong to North America ...
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News
Airfreight rates remain elevated in January
Airfreight rates on key trades were ahead of last year in January even though prices were down from the December peak.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that rates from Hong Kong to North America stood at $10.90 per kg in January.This is far above the ...
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News
Airfreight space constraints and high rates set to continue
Capacity constraints and high air cargo rates are expected to continue for the time being as the industry continues to battle with the impact of Covid-19.In the latest Baltic Exchange market round-up, industry observers say that ongoing issues in ocean freight and the emergence of the omicron variant have delayed ...
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News
Airfreight rates end the year on a high
Airfreight rates on major trade lanes ended the year on a high as supply chains remained under pressure.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that average prices from Hong Kong to North America in December reached $12.72 per kg - their highest level of the year ...
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News
Omicron set to restrict cargo capacity and keep rates high
The Omicron variant is set to keep air cargo capacity tight and as a result air cargo rates will remain at an elevated level.In the latest Baltic Exchange market update, investment bank Stifel senior analyst Bruce Chan said that the new variant will restrict network capacity due to safety protocols, ...
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News
Transpacific airfreight rates reach new highs
Airfreight rates on the transpacific trade lane have continued to surge since the start of November as peak season demand kicks off and modal shift from ocean continues.The latest figures from the Baltic Exchange Airfreight Index (BAI) show that last week prices on services from Hong Kong to North America ...
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News
Airfreight rates expected to continue to rise
Airfreight rates are expected to continue to rise from already elevated levels despite efforts to ease ocean freight supply chain issues.In the latest Baltic Exchange market update, investment bank Stifel senior analyst Bruce Chan said that efforts to clear US ocean freight backlogs by extending the opening hours of certain ...
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NewsRates surge in October despite 'lower than expected' load factors
Source: CLIVE Data ServicesAir cargo rates surged in October due to shipper fears of a lack of peak season inventory, according to CLIVE Data Services.Figures from CLIVE Data Services show that average rates in October were up by 155% compared with 2019, 37% compared with last year and 10% compared ...
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News
Cathay Pacific hikes transpac BSA prices as market surges
Cathay Pacific Cargo is hiking its block space agreement (BSA) prices on its transpacific and India services in response to current market conditions.In a letter sent out to customers, the Hong Kong-based carrier said it would impose a General Rate Increase (GRI) of HK$18 per kg on the base rate ...
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News
Early planning the cause of September rate rise
Airfreight rates on major east-west trade lanes in September rose at a faster rate than last year as companies sought to avoid a peak season crunch.The latest data from the Baltic Exchange Airfreight Index shows that in September prices from Hong Kong to North America increased by 12.7% compared with ...
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News
Hong Kong-US air cargo rates index reaches new high for the year
Air cargo prices on services from Hong Kong to North America surged to a new high for the year last week as the peak season kicks in and Golden Week approaches.According to the Baltic Exchange Air Freight Index (BAI), average rates on the route reached $9.70 per kg last week, ...
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News
Air cargo rates up in August as peak season looms
Air cargo rates on major east-west trade lanes began to pick up in August as the industry faced supply chain disruption due to lockdowns in China and the peak season looms (see dashboard below).The latest figures from the Baltic Exchange Air Freight Index (BAI) show that in August average prices ...
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