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Ocean: supply-demand balance getting ‘structurally looser’?
Air freight rates out of Bangladesh have doubled in recent months, spiked by a severe capacity crunch due to coronavirus-linked operational suspensions and growing demand.
Shippers are now paying twice pre-pandemic rates for expedited shipments, which they describe as a “big burden in this challenging period”.
To carry goods to European airports, air cargo operators are charging more than $3.65 per kg, compared with $1.80 in March last year, and $6.20/kg to North America, up from $2.85 in last year.
Nearly 40 airlines ...
European port congestion now at five-to-six days, and getting worse
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Comment on this article
Rayhan ahmed
January 19, 2021 at 3:07 pmI thought we were going to see
Biman Bangladesh airlines introduction
Of a freighter ie B737 700 P2F ???