News / Charter flight prices hit new heights as importers look for product outside China

© Aleksandr Tannagashev

Charter flights from Europe to China have seen a “dramatic boom”, with rates jumping 193% to some $2.78/ kg.

Freight Investor Services said the rise reflected “the overwhelming volume of single-lane front-haul charter and spot traffic”.

It added: “It will certainly be interesting to see how sustained this jump is as inbound charter traffic drops off.”

The traffic is expected to mainly comprise relief shipments, with transpacific charter rates fluctuating between $500,000 and $800,000 one-way.

FIS, which is creating a product which hedges against ...