GLOBAL air cargo tonnages have rebounded in the final full week of February following their normal Lunar New Year (LNY) dip while key Asia-Europe sea-air hubs have continued to record a strong surge in tonnages, linked to the disruptions to container shipping in the Red Sea, says the latest update from WorldACD Market Data.
Asia-Europe sea-air hubs such as Dubai, Colombo and Bangkok have, in recent weeks, experienced exceptionally high air cargo demand as cargo owners whose supply chains have been disrupted by the attacks on container shipping in the Red Sea seek fast but affordable alternatives to deliver goods to Europe from Asia Pacific.
Fresh analysis reveals that Dubai-Europe air cargo traffic in week eight (February 19-25) was more than double (+146 per cent) its level this time last year with average tonnages for the last two full weeks (weeks seven and eight) up by 140 per cent year on year (YoY).
Colombo-Europe tonnages were up by more than 80 per cent YoY in weeks seven and eight. Bangkok-Europe volumes have been up YoY by at least 40 per cent during each of the first seven weeks of this year although that eased to +15 per cent in week eight, suggesting a possible moderation of demand on that lane.
These strong volumes helped total worldwide air cargo tonnages to record a nine per cent week-on-week (WoW) rise in week eight after dropping WoW by 10 per cent in each of the two previous weeks.
Overall global tonnages in weeks seven and eight combined were down by 11 per cent compared with the previous two with big drops from origin regions Asia Pacific (-24 per cent) and ex-Central & South America (-25 per cent).
Overall worldwide air cargo capacity remains significantly up on last year's levels (eight per cent), reports Mumbai's The STAT Trade Times.
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Asia-Europe sea-air hubs such as Dubai, Colombo and Bangkok have, in recent weeks, experienced exceptionally high air cargo demand as cargo owners whose supply chains have been disrupted by the attacks on container shipping in the Red Sea seek fast but affordable alternatives to deliver goods to Europe from Asia Pacific.
Fresh analysis reveals that Dubai-Europe air cargo traffic in week eight (February 19-25) was more than double (+146 per cent) its level this time last year with average tonnages for the last two full weeks (weeks seven and eight) up by 140 per cent year on year (YoY).
Colombo-Europe tonnages were up by more than 80 per cent YoY in weeks seven and eight. Bangkok-Europe volumes have been up YoY by at least 40 per cent during each of the first seven weeks of this year although that eased to +15 per cent in week eight, suggesting a possible moderation of demand on that lane.
These strong volumes helped total worldwide air cargo tonnages to record a nine per cent week-on-week (WoW) rise in week eight after dropping WoW by 10 per cent in each of the two previous weeks.
Overall global tonnages in weeks seven and eight combined were down by 11 per cent compared with the previous two with big drops from origin regions Asia Pacific (-24 per cent) and ex-Central & South America (-25 per cent).
Overall worldwide air cargo capacity remains significantly up on last year's levels (eight per cent), reports Mumbai's The STAT Trade Times.
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