News / 'The air cargo market hasn't collapsed, it's just the seasonal norm'

© Huy Thoai

When Shanghai’s lockdown ended most companies expected a surge in cargo and a bounce in airfreight rates, as China attempted to rebuild its export market,

This, of course, has not happened. But the question is, why?

According to Stifel, writing for the Baltic Exchange, there are four possible explanations – or a mix thereof.

First, it said June’s “fuel prices tapered steadily during the month, tempering increases on base rates”.

IATA’s jet fuel monitor recorded prices down 6.4% in June, from May, and down ...