News / Too many Gulf carriers flying out of Shanghai for China's liking?

© Serhii Akhtemiichuk

Airfreight rates continue to fall, with May seeing the lowest level since March 2020, the spot market down 40% year on year, according to Clive Data Services, part of Xeneta.

Data from Accenture’s Seabury this morning shows global capacity up 2% on 2019 levels, although it notes “large regional differences”.

“Asia-Europe direct capacity is still hampered by the Russia-Ukraine conflict, with Asia-Gulf-Europe as an alternative,” wrote director Marco Bloemen.

According to the chart, capacity from Asia to the Gulf in the second half ...