All Baltic Exchange articles – Page 3
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InsightsRates stable in July but elevated prices expected into 2022
Image: ShutterstockAirfreight prices on major east-west trade lanes remained stable in July — albeit at a high level — and expectations are that pricing will remain elevated this year.The latest figures from the Baltic Exchange Air Freight Index (BAI) show that in July average airfreight rates from Hong Kong to ...
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News
Airfreight market set to get worse before it gets better for buyers
Buyers of airfreight capacity should expect the market to get worse before it gets better, according to Bruce Chan, vice president of global logistics at investment bank Stifel.Writing in the Baltic Exchange monthly market summary, Chan said that belly capacity is not expected to return until 2023 at the earliest.And ...
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Insights
Air cargo rates cool in June for summer slowdown
Air cargo rates settled down in June as the industry entered a seasonal slowdown in demand, but airlines and forwarders appear to be expecting a busy peak season. The latest figures from the Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in ...
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News
Air cargo rates set to stay elevated during summer lull
Airfreight rates cooled as the month of May progressed but this is unlikely to signify the start of a return to pre-Covid levels.The latest figures from the Baltic Exchange Air Freight Index (BAI) show that rates from Hong Kong to North America increased to $8.70 per kg in May from ...
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News
Transpacific airfreight rates climb in April
Airfreight rates from Hong Kong to North America took off in April as a combination of capacity shortages and rising demand hit the market.Baltic Exchange Air Freight Index (BAI) figures show that in April the average price on services from Hong Kong to North America increased by 54.7% compared with ...
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News
Hong Kong-North America rates soar as capacity crunch tightens
Average airfreight rates on services from Hong Kong to North America last week breached the $9 per kg mark as stricter quarantine rules and strong demand hit the market.The latest figures from the Baltic Exchange Air Freight Index (BAI) powered by Tac Index showed that average prices from Hong Kong ...
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News
Transpac rates rise while supply chains brace for Ever Given impact
Air cargo rates on the transpacific trade lane picked up last week while capacity remains tight and supply chains brace for the impact of the Suez Canal blockage.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that last week prices from Hong Kong to North America increased by ...
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News
Shippers urged to get creative to combat space shortages
Shippers have been urged to get creative as capacity shortages and high rates in air cargo and other modes are expected to continue.In the latest Baltic Exchange airfreight rate newsletter, Bruce Chan, vice president of global logistics at investment bank Stifel, said that over the next few months capacity could ...
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News
Monthly airfreight rates stable in February on key trades
Average monthly airfreight rates on key trade lanes were largely static in February compared with a month earlier but remain well above last year’s levels.The latest statistics from Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in February reached $6.42 per kg, ...
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News
Cargo load factors remain strong despite Chinese New Year
Air cargo load factors remained strong during the Chinese New Year as demand did not fall as strongly as it has in the past.Statistics from CLIVE Data Services show that in the first week of the Chinese New Year, which this year started on February 12, services from China to ...
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News
Air cargo capacity expected to remain constrained
Air cargo capacity is expected to remain constrained for some time, resulting in forwarders increasingly relying on charter operations.In the latest Baltic Exchange airfreight rate newsletter, Bruce Chan, vice president of global logistics at investment bank Stifel, said that vaccination programmes were expected to lead to a pick-up in passenger ...
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News
Airfreight rates expected to remain elevated in 2021
Airfreight rates are expected to remain elevated in 2021 as the demand outlook remains uncertain and belly capacity is slowly re-introduced into the market.Writing in a Baltic Exchange market update, Bruce Chan, vice president – global logistics at investment bank Stifel, said that airfreight rates are likely to remain elevated ...
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News
The Baltic Exchange launches air cargo derivatives indices
Derivatives trading platform the Baltic Exchange has launched weekly airfreight indices to allow companies to hedge against rate swings.The Baltic Exchange has partnered with Hong Kong-based air cargo pricing publisher Tac Index on the new indices, which include six outbound indices and 17 individual destination baskets.These products will be branded ...
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News
Baltic Exchange to add airfreight pricing index
Derivatives trading platform Baltic Exchange will adopt TAC Index airfreight rate data to publish its first index of airfreight prices along major air trade lanes.The Baltic Exchange, which traces its routes back to the 1700s, provides benchmark assessments for the maritime markets which are used to settle billions of dollars-worth ...
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