AIR cargo tonnages from Dubai to Europe are continuing to boom, while overall global demand has broadly stabilised following a strong return of Asia Pacific volumes since the Lunar New Year (LNY) dip in early February, according to the latest weekly figures from WorldACD Market Data.
Analysis of week 10 (4-10 March) reveals that Dubai-Europe tonnages were at three times their level (+205 per cent) this time last year, and around +7 per cent up compared with the previous week.
As WorldACD has highlighted in recent weeks, certain key Asia-Europe sea-air hubs such as Dubai, Colombo, and Bangkok have experienced exceptionally high air cargo demand to Europe since the start of this year because of Houthi attacks in the Red Sea.
Dubai-Europe tonnages have been particularly strong, at more than double their level in recent weeks compared with this time last year. And the continuing surge in week 10 indicates this trend is showing no signs of weakening five weeks on from Lunar New Year.
Meanwhile, Bangkok-Europe demand also remains up by more than +30 per cent, year on year in week 10 (+33 per cent), similar to the +32 per cent in week 9. Air cargo sources in Thailand indicated this week that this traffic is being boosted by road-air volumes trucked down from Vietnam and other origin points in the region where ocean freight traffic has also been impacted by the disruptions to Asia-Europe container shipping.
But the surge in Colombo-Europe demand appears to be softening. Although Colombo-Europe tonnages were still up +20 per cent, year on year , in week 10, that compares with +35 per cent in week 9 and around +80 per cent in the previous three weeks.
Looking at the wider global picture, total worldwide tonnages in week 10 were broadly flat compared with the previous week, after recovering by +3 per cent in week 9 and by +14 per cent the previous week, following a -11 per cent drop around the LNY holiday week.
Average global rates also rose again slightly (+2 per cent) compared with the previous week to US$2.32 per kilo, roughly their level in the weeks leading up to Lunar New Year on the more than 450,000 weekly transactions covered by WorldACD's data.
SeaNews Turkey
Analysis of week 10 (4-10 March) reveals that Dubai-Europe tonnages were at three times their level (+205 per cent) this time last year, and around +7 per cent up compared with the previous week.
As WorldACD has highlighted in recent weeks, certain key Asia-Europe sea-air hubs such as Dubai, Colombo, and Bangkok have experienced exceptionally high air cargo demand to Europe since the start of this year because of Houthi attacks in the Red Sea.
Dubai-Europe tonnages have been particularly strong, at more than double their level in recent weeks compared with this time last year. And the continuing surge in week 10 indicates this trend is showing no signs of weakening five weeks on from Lunar New Year.
Meanwhile, Bangkok-Europe demand also remains up by more than +30 per cent, year on year in week 10 (+33 per cent), similar to the +32 per cent in week 9. Air cargo sources in Thailand indicated this week that this traffic is being boosted by road-air volumes trucked down from Vietnam and other origin points in the region where ocean freight traffic has also been impacted by the disruptions to Asia-Europe container shipping.
But the surge in Colombo-Europe demand appears to be softening. Although Colombo-Europe tonnages were still up +20 per cent, year on year , in week 10, that compares with +35 per cent in week 9 and around +80 per cent in the previous three weeks.
Looking at the wider global picture, total worldwide tonnages in week 10 were broadly flat compared with the previous week, after recovering by +3 per cent in week 9 and by +14 per cent the previous week, following a -11 per cent drop around the LNY holiday week.
Average global rates also rose again slightly (+2 per cent) compared with the previous week to US$2.32 per kilo, roughly their level in the weeks leading up to Lunar New Year on the more than 450,000 weekly transactions covered by WorldACD's data.
SeaNews Turkey