Array
(
[derick] => Array
(
[Demand for air freight grows as rates remain elevated] => 尽管运费率维持较高水平，但航空货运需求仍在增长
[Shippers and businesses need to plan ahead to better manage their costs in the months to come.] => 托运人和企业需要提前规划才能在未来几个月内更好地控制成本。
[[]] =>
[Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
[caption id="attachment_26156" align="aligncenter" width="1272"] {%CAPTION%}[/caption]
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.] =>
[caption id="attachment_26156" align="aligncenter" width="1272"] {%CAPTION%}[/caption]
运输公司机腹舱位不足是限制全球货运运力的一个主要因素，也是航空货运运费定价的一个持续推动因素。敦豪发布的航空货运行业最新动态表明，今年7月的运费率与2019年相比上涨了77％，与2020年相比上涨了18％。
由于运力有限而各企业持续经历巨大的需求增长，因此运费率居高不下，而且随着旺季的临近，需求注定还会继续增长。
然而，由于疫情爆发导致整个夏季亚洲运力受限，因此北美洲和欧洲主要机场仍然面临阻塞问题。
“今年夏季，由于发现新冠肺炎病例，来往中国的几个航班被取消，而且包括上海浦东机场在内的几座机场的作业也受到了限制，”敦豪全球货运全球航空货运主管Thomas Mack说道。
“强化的消毒措施和严格的作业限制也限制了作业能力，抬高了运费率，同时导致仓库积压更加严重，”Mack补充道。
除此之外，新冠肺炎病毒德尔塔毒株在越南等多个亚洲国家肆虐，对服务造成了影响并限制了运力提升。
[Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] => 运费率预计在近期维持较高水平
CLIVE数据分析服务公司董事总经理Niall van de Wouw说道，由于国际客运航班班次的减少，航空货运能力已经变得十分紧张。甚至在浦东和越南的最近航班停运之前就已经发生了这种情况。主要洲际贸易航线的全部航班都显著提高了运费率。
根据CLIVE公司2021年8月的分析，今年8月全球可用货运能力与2019年8月相比下降了16％，而货运量增加了1％。
而且，过去两周内，上海浦东机场地面作业中断导致中国到欧洲贸易路线的货运量下降了10％，而去西方的运力降低了18％。
因此，与今年7月的最后一周相比，今年8月最后一周的即期运费率上涨了近20％。
在运费率维持当前水平的情况下，Leung指出，虽然今年夏季有更多机腹舱位运力回到市场，但对于航空货运行业而言，真正的挑战仍然是提供运力而不是货运需求不足。
“基本上来说，运力仍然不足以完全满足目前的需求。疫情爆发表明，在运输市场中，整个运输体系只要在浦东机场等地方受到轻微的震荡，就会给市场造成严重的后果，”Leung说道。
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.] => 几乎没有迹象表明航空货运服务需求在不久的将来下降。实际上，所有指标都表明未来几个月内会异常繁忙。
由于运费率维持较高水平，而且这个趋势很可能延续到明年，企业和托运人必须通过规划对航空货运成本进行控制。“重要的是提前而且更准确地取得运力承诺并对生产计划进行管理，以免错过船期，”敦豪全球货运亚太区首席执行官Kelvin Leung说道。
考虑到即将来临的国庆节黄金周，市场很可能从10月开始紧缩，因此规划至关重要。“随着各工厂开始减产，这通常会形成一个库存补货的高峰期，”Leung补充道。
与此同时，国际航空运输协会（IATA）的最新航空货运市场分析委婉地提出，与其他运输模式相比，供应链状况“将继续支持航空货运”。
国际航空运输协会对现状的保守解读中提到，对于希望将货物从亚洲运到北美洲和欧洲的托运人而言，目前费用较高，而且集装箱和运力较为紧缺。
除此之外，今年9月的第三周，在美国西海岸洛杉矶港和长滩港主要码头等待卸载集装箱的集装箱货轮数量超过70艘。
当然，这种形势迫使很多托运人将合适的产品转为航空货运。
[wysiwyg] => wysiwyg
[outbound_box] => outbound_box
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.
RELATED ARTICLESLimited ocean freight capacity led a Vietnam seafood exporter into the skiesWith no end in sight to ocean freight challenges, Vietnam’s largest fishery corporation turned to air freight for an urgent shipment of chilled crabs.Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
Source: DHL Air Freight State of the Industry
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.
RELATED ARTICLESDHL Air Freight State of the Industry – September 2021Find out the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] =>
[] =>
[demand-for-air-freight-grows-as-rates-remain-elevated] => demand-for-air-freight-grows-as-rates-remain-elevated
[Chilled Crabs] => Chilled Crabs
[(Image: Shutterstock)] => (Image: Shutterstock)
[Carrier-rate] => Carrier-rate
[Source: DHL Air Freight State of the Industry] => Source: DHL Air Freight State of the Industry
[AFR Update Key Image_359823680] => AFR Update Key Image_359823680
)
[$value] => There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.
)
Array
(
[derick] => Array
(
[Demand for air freight grows as rates remain elevated] => 尽管运费率维持较高水平，但航空货运需求仍在增长
[Shippers and businesses need to plan ahead to better manage their costs in the months to come.] => 托运人和企业需要提前规划才能在未来几个月内更好地控制成本。
[[]] =>
[Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
[caption id="attachment_26156" align="aligncenter" width="1272"] {%CAPTION%}[/caption]
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.] =>
[caption id="attachment_26156" align="aligncenter" width="1272"] {%CAPTION%}[/caption]
运输公司机腹舱位不足是限制全球货运运力的一个主要因素，也是航空货运运费定价的一个持续推动因素。敦豪发布的航空货运行业最新动态表明，今年7月的运费率与2019年相比上涨了77％，与2020年相比上涨了18％。
由于运力有限而各企业持续经历巨大的需求增长，因此运费率居高不下，而且随着旺季的临近，需求注定还会继续增长。
然而，由于疫情爆发导致整个夏季亚洲运力受限，因此北美洲和欧洲主要机场仍然面临阻塞问题。
“今年夏季，由于发现新冠肺炎病例，来往中国的几个航班被取消，而且包括上海浦东机场在内的几座机场的作业也受到了限制，”敦豪全球货运全球航空货运主管Thomas Mack说道。
“强化的消毒措施和严格的作业限制也限制了作业能力，抬高了运费率，同时导致仓库积压更加严重，”Mack补充道。
除此之外，新冠肺炎病毒德尔塔毒株在越南等多个亚洲国家肆虐，对服务造成了影响并限制了运力提升。
[Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] => 运费率预计在近期维持较高水平
CLIVE数据分析服务公司董事总经理Niall van de Wouw说道，由于国际客运航班班次的减少，航空货运能力已经变得十分紧张。甚至在浦东和越南的最近航班停运之前就已经发生了这种情况。主要洲际贸易航线的全部航班都显著提高了运费率。
根据CLIVE公司2021年8月的分析，今年8月全球可用货运能力与2019年8月相比下降了16％，而货运量增加了1％。
而且，过去两周内，上海浦东机场地面作业中断导致中国到欧洲贸易路线的货运量下降了10％，而去西方的运力降低了18％。
因此，与今年7月的最后一周相比，今年8月最后一周的即期运费率上涨了近20％。
在运费率维持当前水平的情况下，Leung指出，虽然今年夏季有更多机腹舱位运力回到市场，但对于航空货运行业而言，真正的挑战仍然是提供运力而不是货运需求不足。
“基本上来说，运力仍然不足以完全满足目前的需求。疫情爆发表明，在运输市场中，整个运输体系只要在浦东机场等地方受到轻微的震荡，就会给市场造成严重的后果，”Leung说道。
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.] => 几乎没有迹象表明航空货运服务需求在不久的将来下降。实际上，所有指标都表明未来几个月内会异常繁忙。
由于运费率维持较高水平，而且这个趋势很可能延续到明年，企业和托运人必须通过规划对航空货运成本进行控制。“重要的是提前而且更准确地取得运力承诺并对生产计划进行管理，以免错过船期，”敦豪全球货运亚太区首席执行官Kelvin Leung说道。
考虑到即将来临的国庆节黄金周，市场很可能从10月开始紧缩，因此规划至关重要。“随着各工厂开始减产，这通常会形成一个库存补货的高峰期，”Leung补充道。
与此同时，国际航空运输协会（IATA）的最新航空货运市场分析委婉地提出，与其他运输模式相比，供应链状况“将继续支持航空货运”。
国际航空运输协会对现状的保守解读中提到，对于希望将货物从亚洲运到北美洲和欧洲的托运人而言，目前费用较高，而且集装箱和运力较为紧缺。
除此之外，今年9月的第三周，在美国西海岸洛杉矶港和长滩港主要码头等待卸载集装箱的集装箱货轮数量超过70艘。
当然，这种形势迫使很多托运人将合适的产品转为航空货运。
[wysiwyg] => wysiwyg
[outbound_box] => outbound_box
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.
RELATED ARTICLESLimited ocean freight capacity led a Vietnam seafood exporter into the skiesWith no end in sight to ocean freight challenges, Vietnam’s largest fishery corporation turned to air freight for an urgent shipment of chilled crabs.Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
Source: DHL Air Freight State of the Industry
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.
RELATED ARTICLESDHL Air Freight State of the Industry – September 2021Find out the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] =>
[] =>
[demand-for-air-freight-grows-as-rates-remain-elevated] => demand-for-air-freight-grows-as-rates-remain-elevated
[Chilled Crabs] => Chilled Crabs
[(Image: Shutterstock)] => (Image: Shutterstock)
[Carrier-rate] => Carrier-rate
[Source: DHL Air Freight State of the Industry] => Source: DHL Air Freight State of the Industry
[AFR Update Key Image_359823680] => AFR Update Key Image_359823680
)
[$value] =>
Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
[caption id="attachment_26156" align="aligncenter" width="1272"] Source: DHL Air Freight State of the Industry[/caption]
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.
)
Array
(
[derick] => Array
(
[Demand for air freight grows as rates remain elevated] => 尽管运费率维持较高水平，但航空货运需求仍在增长
[Shippers and businesses need to plan ahead to better manage their costs in the months to come.] => 托运人和企业需要提前规划才能在未来几个月内更好地控制成本。
[[]] =>
[Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
[caption id="attachment_26156" align="aligncenter" width="1272"] {%CAPTION%}[/caption]
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.] =>
[caption id="attachment_26156" align="aligncenter" width="1272"] {%CAPTION%}[/caption]
运输公司机腹舱位不足是限制全球货运运力的一个主要因素，也是航空货运运费定价的一个持续推动因素。敦豪发布的航空货运行业最新动态表明，今年7月的运费率与2019年相比上涨了77％，与2020年相比上涨了18％。
由于运力有限而各企业持续经历巨大的需求增长，因此运费率居高不下，而且随着旺季的临近，需求注定还会继续增长。
然而，由于疫情爆发导致整个夏季亚洲运力受限，因此北美洲和欧洲主要机场仍然面临阻塞问题。
“今年夏季，由于发现新冠肺炎病例，来往中国的几个航班被取消，而且包括上海浦东机场在内的几座机场的作业也受到了限制，”敦豪全球货运全球航空货运主管Thomas Mack说道。
“强化的消毒措施和严格的作业限制也限制了作业能力，抬高了运费率，同时导致仓库积压更加严重，”Mack补充道。
除此之外，新冠肺炎病毒德尔塔毒株在越南等多个亚洲国家肆虐，对服务造成了影响并限制了运力提升。
[Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] => 运费率预计在近期维持较高水平
CLIVE数据分析服务公司董事总经理Niall van de Wouw说道，由于国际客运航班班次的减少，航空货运能力已经变得十分紧张。甚至在浦东和越南的最近航班停运之前就已经发生了这种情况。主要洲际贸易航线的全部航班都显著提高了运费率。
根据CLIVE公司2021年8月的分析，今年8月全球可用货运能力与2019年8月相比下降了16％，而货运量增加了1％。
而且，过去两周内，上海浦东机场地面作业中断导致中国到欧洲贸易路线的货运量下降了10％，而去西方的运力降低了18％。
因此，与今年7月的最后一周相比，今年8月最后一周的即期运费率上涨了近20％。
在运费率维持当前水平的情况下，Leung指出，虽然今年夏季有更多机腹舱位运力回到市场，但对于航空货运行业而言，真正的挑战仍然是提供运力而不是货运需求不足。
“基本上来说，运力仍然不足以完全满足目前的需求。疫情爆发表明，在运输市场中，整个运输体系只要在浦东机场等地方受到轻微的震荡，就会给市场造成严重的后果，”Leung说道。
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.] => 几乎没有迹象表明航空货运服务需求在不久的将来下降。实际上，所有指标都表明未来几个月内会异常繁忙。
由于运费率维持较高水平，而且这个趋势很可能延续到明年，企业和托运人必须通过规划对航空货运成本进行控制。“重要的是提前而且更准确地取得运力承诺并对生产计划进行管理，以免错过船期，”敦豪全球货运亚太区首席执行官Kelvin Leung说道。
考虑到即将来临的国庆节黄金周，市场很可能从10月开始紧缩，因此规划至关重要。“随着各工厂开始减产，这通常会形成一个库存补货的高峰期，”Leung补充道。
与此同时，国际航空运输协会（IATA）的最新航空货运市场分析委婉地提出，与其他运输模式相比，供应链状况“将继续支持航空货运”。
国际航空运输协会对现状的保守解读中提到，对于希望将货物从亚洲运到北美洲和欧洲的托运人而言，目前费用较高，而且集装箱和运力较为紧缺。
除此之外，今年9月的第三周，在美国西海岸洛杉矶港和长滩港主要码头等待卸载集装箱的集装箱货轮数量超过70艘。
当然，这种形势迫使很多托运人将合适的产品转为航空货运。
[wysiwyg] => wysiwyg
[outbound_box] => outbound_box
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.
RELATED ARTICLESLimited ocean freight capacity led a Vietnam seafood exporter into the skiesWith no end in sight to ocean freight challenges, Vietnam’s largest fishery corporation turned to air freight for an urgent shipment of chilled crabs.Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
Source: DHL Air Freight State of the Industry
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.
RELATED ARTICLESDHL Air Freight State of the Industry – September 2021Find out the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] =>
[] =>
[demand-for-air-freight-grows-as-rates-remain-elevated] => demand-for-air-freight-grows-as-rates-remain-elevated
[Chilled Crabs] => Chilled Crabs
[(Image: Shutterstock)] => (Image: Shutterstock)
[Carrier-rate] => Carrier-rate
[Source: DHL Air Freight State of the Industry] => Source: DHL Air Freight State of the Industry
[AFR Update Key Image_359823680] => AFR Update Key Image_359823680
)
[$value] =>
Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.
)
运费率预计在近期维持较高水平
CLIVE数据分析服务公司董事总经理Niall van de Wouw说道，由于国际客运航班班次的减少，航空货运能力已经变得十分紧张。甚至在浦东和越南的最近航班停运之前就已经发生了这种情况。主要洲际贸易航线的全部航班都显著提高了运费率。
Array
(
[Demand for air freight grows as rates remain elevated] => 尽管运费率维持较高水平，但航空货运需求仍在增长
[Shippers and businesses need to plan ahead to better manage their costs in the months to come.] => 托运人和企业需要提前规划才能在未来几个月内更好地控制成本。
[[]] =>
[Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
[caption id="attachment_26156" align="aligncenter" width="1272"] {%CAPTION%}[/caption]
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.] =>
[caption id="attachment_26156" align="aligncenter" width="1272"] {%CAPTION%}[/caption]
运输公司机腹舱位不足是限制全球货运运力的一个主要因素，也是航空货运运费定价的一个持续推动因素。敦豪发布的航空货运行业最新动态表明，今年7月的运费率与2019年相比上涨了77％，与2020年相比上涨了18％。
由于运力有限而各企业持续经历巨大的需求增长，因此运费率居高不下，而且随着旺季的临近，需求注定还会继续增长。
然而，由于疫情爆发导致整个夏季亚洲运力受限，因此北美洲和欧洲主要机场仍然面临阻塞问题。
“今年夏季，由于发现新冠肺炎病例，来往中国的几个航班被取消，而且包括上海浦东机场在内的几座机场的作业也受到了限制，”敦豪全球货运全球航空货运主管Thomas Mack说道。
“强化的消毒措施和严格的作业限制也限制了作业能力，抬高了运费率，同时导致仓库积压更加严重，”Mack补充道。
除此之外，新冠肺炎病毒德尔塔毒株在越南等多个亚洲国家肆虐，对服务造成了影响并限制了运力提升。
[Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] => 运费率预计在近期维持较高水平
CLIVE数据分析服务公司董事总经理Niall van de Wouw说道，由于国际客运航班班次的减少，航空货运能力已经变得十分紧张。甚至在浦东和越南的最近航班停运之前就已经发生了这种情况。主要洲际贸易航线的全部航班都显著提高了运费率。
根据CLIVE公司2021年8月的分析，今年8月全球可用货运能力与2019年8月相比下降了16％，而货运量增加了1％。
而且，过去两周内，上海浦东机场地面作业中断导致中国到欧洲贸易路线的货运量下降了10％，而去西方的运力降低了18％。
因此，与今年7月的最后一周相比，今年8月最后一周的即期运费率上涨了近20％。
在运费率维持当前水平的情况下，Leung指出，虽然今年夏季有更多机腹舱位运力回到市场，但对于航空货运行业而言，真正的挑战仍然是提供运力而不是货运需求不足。
“基本上来说，运力仍然不足以完全满足目前的需求。疫情爆发表明，在运输市场中，整个运输体系只要在浦东机场等地方受到轻微的震荡，就会给市场造成严重的后果，”Leung说道。
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.] => 几乎没有迹象表明航空货运服务需求在不久的将来下降。实际上，所有指标都表明未来几个月内会异常繁忙。
由于运费率维持较高水平，而且这个趋势很可能延续到明年，企业和托运人必须通过规划对航空货运成本进行控制。“重要的是提前而且更准确地取得运力承诺并对生产计划进行管理，以免错过船期，”敦豪全球货运亚太区首席执行官Kelvin Leung说道。
考虑到即将来临的国庆节黄金周，市场很可能从10月开始紧缩，因此规划至关重要。“随着各工厂开始减产，这通常会形成一个库存补货的高峰期，”Leung补充道。
与此同时，国际航空运输协会（IATA）的最新航空货运市场分析委婉地提出，与其他运输模式相比，供应链状况“将继续支持航空货运”。
国际航空运输协会对现状的保守解读中提到，对于希望将货物从亚洲运到北美洲和欧洲的托运人而言，目前费用较高，而且集装箱和运力较为紧缺。
除此之外，今年9月的第三周，在美国西海岸洛杉矶港和长滩港主要码头等待卸载集装箱的集装箱货轮数量超过70艘。
当然，这种形势迫使很多托运人将合适的产品转为航空货运。
[wysiwyg] => wysiwyg
[outbound_box] => outbound_box
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.
RELATED ARTICLESLimited ocean freight capacity led a Vietnam seafood exporter into the skiesWith no end in sight to ocean freight challenges, Vietnam’s largest fishery corporation turned to air freight for an urgent shipment of chilled crabs.Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
Source: DHL Air Freight State of the Industry
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.
RELATED ARTICLESDHL Air Freight State of the Industry – September 2021Find out the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] =>
[] =>
[demand-for-air-freight-grows-as-rates-remain-elevated] => demand-for-air-freight-grows-as-rates-remain-elevated
[Chilled Crabs] => Chilled Crabs
[(Image: Shutterstock)] => (Image: Shutterstock)
[Carrier-rate] => Carrier-rate
[Source: DHL Air Freight State of the Industry] => Source: DHL Air Freight State of the Industry
[AFR Update Key Image_359823680] => AFR Update Key Image_359823680
)
{%CAPTION%}[/caption]
运输公司机腹舱位不足是限制全球货运运力的一个主要因素，也是航空货运运费定价的一个持续推动因素。敦豪发布的航空货运行业最新动态表明，今年7月的运费率与2019年相比上涨了77％，与2020年相比上涨了18％。
由于运力有限而各企业持续经历巨大的需求增长，因此运费率居高不下，而且随着旺季的临近，需求注定还会继续增长。
然而，由于疫情爆发导致整个夏季亚洲运力受限，因此北美洲和欧洲主要机场仍然面临阻塞问题。
“今年夏季，由于发现新冠肺炎病例，来往中国的几个航班被取消，而且包括上海浦东机场在内的几座机场的作业也受到了限制，”敦豪全球货运全球航空货运主管Thomas Mack说道。
“强化的消毒措施和严格的作业限制也限制了作业能力，抬高了运费率，同时导致仓库积压更加严重，”Mack补充道。
除此之外，新冠肺炎病毒德尔塔毒株在越南等多个亚洲国家肆虐，对服务造成了影响并限制了运力提升。
[Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] => 运费率预计在近期维持较高水平
CLIVE数据分析服务公司董事总经理Niall van de Wouw说道，由于国际客运航班班次的减少，航空货运能力已经变得十分紧张。甚至在浦东和越南的最近航班停运之前就已经发生了这种情况。主要洲际贸易航线的全部航班都显著提高了运费率。
根据CLIVE公司2021年8月的分析，今年8月全球可用货运能力与2019年8月相比下降了16％，而货运量增加了1％。
而且，过去两周内，上海浦东机场地面作业中断导致中国到欧洲贸易路线的货运量下降了10％，而去西方的运力降低了18％。
因此，与今年7月的最后一周相比，今年8月最后一周的即期运费率上涨了近20％。
在运费率维持当前水平的情况下，Leung指出，虽然今年夏季有更多机腹舱位运力回到市场，但对于航空货运行业而言，真正的挑战仍然是提供运力而不是货运需求不足。
“基本上来说，运力仍然不足以完全满足目前的需求。疫情爆发表明，在运输市场中，整个运输体系只要在浦东机场等地方受到轻微的震荡，就会给市场造成严重的后果，”Leung说道。
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.] => 几乎没有迹象表明航空货运服务需求在不久的将来下降。实际上，所有指标都表明未来几个月内会异常繁忙。
由于运费率维持较高水平，而且这个趋势很可能延续到明年，企业和托运人必须通过规划对航空货运成本进行控制。“重要的是提前而且更准确地取得运力承诺并对生产计划进行管理，以免错过船期，”敦豪全球货运亚太区首席执行官Kelvin Leung说道。
考虑到即将来临的国庆节黄金周，市场很可能从10月开始紧缩，因此规划至关重要。“随着各工厂开始减产，这通常会形成一个库存补货的高峰期，”Leung补充道。
与此同时，国际航空运输协会（IATA）的最新航空货运市场分析委婉地提出，与其他运输模式相比，供应链状况“将继续支持航空货运”。
国际航空运输协会对现状的保守解读中提到，对于希望将货物从亚洲运到北美洲和欧洲的托运人而言，目前费用较高，而且集装箱和运力较为紧缺。
除此之外，今年9月的第三周，在美国西海岸洛杉矶港和长滩港主要码头等待卸载集装箱的集装箱货轮数量超过70艘。
当然，这种形势迫使很多托运人将合适的产品转为航空货运。
[wysiwyg] => wysiwyg
[outbound_box] => outbound_box
[There is little to suggest that demand for air cargo services will dim any time soon. Indeed, all indicators point toward a hectic few months ahead.
As rates remain elevated, possibly into the next year, businesses and shippers have to plan to manage their costs for air transport. “It is important to commit to capacity, and manage their manufacturing schedules earlier, and more accurately, so that they don’t miss the boat,” said Kelvin Leung, Asia Pacific CEO of DHL Global Forwarding.
Planning is crucial as markets are likely to tighten from October, in anticipation of China’s National Day Golden Week. “This usually prompts a rush for inventory as factories reduce production,” added Leung.
Meanwhile, the International Air Transport Association’s (IATA) latest air cargo market analysis diplomatically concludes that supply chain conditions “continue to be supportive of air cargo” when compared to other modes of transport.
IATA’s understated reading of the situation references the current high cost and limited availability of container slots and boxes for shippers seeking to move cargo from Asia to North America and Europe.
To add on, the queue of container vessels waiting to unload containers at U.S. west coast gateway terminals at the ports of Los Angeles and Long Beach passed 70 ships in the third week of September.
Of course, this state of affairs is pushing many shippers to shift suitable products to air freight options.
RELATED ARTICLESLimited ocean freight capacity led a Vietnam seafood exporter into the skiesWith no end in sight to ocean freight challenges, Vietnam’s largest fishery corporation turned to air freight for an urgent shipment of chilled crabs.Carriers anticipating strong air freight demand in the months to come
A leading Asian carrier is certainly expecting a surge in air cargo demand. “Market indicators suggest a strong peak season driven by the need for inventory replenishment, against a backdrop of ongoing air capacity constraints and disruptions to supply chains due to seaport congestion,” said Ronald Lam, Cathay Pacific Chief Customer and Commercial Officer, in a press announcement.
Lam also noted that while August was traditionally a quieter month for cargo due to the summer holiday period in the Northern Hemisphere, it was not the case this year for Cathay Pacific. Demand has continued to be buoyant both from the carrier’s home market, Hong Kong, and across its network.
For many airlines, the current market remains hugely tricky, despite a boost to cargo revenues, as passenger capacity remains far lower than pre-Covid-19. Though Cathay Pacific saw an increase of 278.4 percent year-on-year in passengers, this was still a mighty 95.3 percent lower than pre-pandemic August 2019. Last month, passenger capacity and revenue were down 86.9 percent and 92.4 percent, respectively, versus August 2019.
Cathay Pacific had ramped up its freighter and passenger-freighter operations to peak season levels to bolster income. Despite increased freight revenues, the carrier is still targeting a “cash burn of less than HK$1 billion (€110 million) per month for the rest of 2021”.
Increased rates as global freight capacity remains limited
Source: DHL Air Freight State of the Industry
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest DHL Air Freight State of the Industry reports that rates in July were 77 percent higher than 2019 and 18 percent higher than 2020 levels.
Rates will remain high as businesses continue to see huge demand growth against limited capacity, and demand is set to increase as the upcoming peak season approaches.
However, congestion continues to be an issue at key airports in North America and Europe while Covid-19 outbreaks have limited capacity in Asia through the summer.
“There have been several canceled flights to/from China due to Covid-19 cases this summer, and also operational limits at several airports including Shanghai Pudong,” said Thomas Mack, Global Head of Air Freight, DHL Global Forwarding.
“Upgraded sanitizing processes and strict operation restrictions have also limited operational capacity and increased rates, while also adding to warehouse congestion,” Mack added.
On top of that, multiple Asian countries such as Vietnam face Covid-19 Delta variant surges, affecting services and restricting capacity.
RELATED ARTICLESDHL Air Freight State of the Industry – September 2021Find out the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.Expect rates to remain elevated in the near future
Niall van de Wouw, managing director of data analytics firm CLIVE Data Services, said air cargo capacity was already tight due to fewer international passenger flights. This occurred even before the latest disruptions at Pudong and Vietnam, with full flights elevating rates significantly on prime intercontinental trade lanes.
According to CLIVE’s August 2021 analysis, available global cargo capacity in August was 16 percent lower than levels enjoyed in August 2019, while volumes were up one percent.
Furthermore, disrupted ground operations in Shanghai contributed to a 10 percent drop in volumes on the China to Europe trade lane in the last two weeks of August, while westbound capacity was reduced by 18 percent.
As a result, spot rates increased by nearly 20 percent in the last week of August compared to the last week of July.
With rates staying at its current level, Leung noted that the real challenge for the air cargo industry continues to be the supply of capacity rather than demand, despite the return of more bellyhold capacity to the market during the summer.
“Essentially, capacity is still insufficient to fully support current demand. Covid-19 outbreaks illustrate that, as in the shipping market, it only takes a slight shock to the system at somewhere such as Pudong to have large market ramifications,” said Leung.] => 
{%CAPTION%}[/caption]
运输公司机腹舱位不足是限制全球货运运力的一个主要因素，也是航空货运运费定价的一个持续推动因素。敦豪发布的
Source: DHL Air Freight State of the Industry[/caption]
The lack of bellyhold space available on carriers is a major limiting factor on global freight capacity and an ongoing driver of air cargo pricing. The latest 
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