Air Cargo

  • Air cargo market more volatile as hopes fade for return of bellyholds

    Feb 10, 2021 — Hopes for a recovery in bellyhold airfreight capacity to relieve the tight lift situation are fading as passenger traffic suffers setbacks from the Covid-19 pandemic. Faced with high prices and a shortage of services, forwarders are reinforcing their dedicated lift arrangements.
  • No happy new year for shippers as rates on major tradelanes stay sky high

    Jan 4, 2021 — The final Shanghai Containerized Freight Index (SCFI) for 2020, published on 31 December, recorded a staggering 190% gain on the year. The biggest spot rate increase on its major tradelanes was recorded between Asia and North Europe, which saw the SCFI component leap by almost 300% to finish the year at $4,091 per teu.