GLOBAL air freight prices have fallen again, according to the latest data from TAC Index, a leading price reporting agency for air freight.
The overall Baltic Air Freight Index BAI00 fell 5.8 per cent in the week to 10 April, taking its loss over 12 months to 43.7 per cent, bearing out what sources described as 'soft' or 'unstable' market conditions following a modest bounce during March.
Prices fell in the previous week from all major outbound locations including Hong Kong BAI30, which dropped 6.1 per cent week to week to take its year-on-year decline of 41.4 per cent, and Shanghai BAI80, which fell 4.7 per cent week to week, taking a year-on-year drop to 47.9 per cent.
Reports were suggesting the global container shipping market has been turning more positive after a steep fall, but with shippers of goods like garments are opting more for the cheaper option of sea transport rather than air cargo.
Rates from other regions were also weaker, with Frankfurt BAI20 down 4.6 per cent week to week for a fall of 46.2 per cent year on year, London BAI40 was down 6.3 per cent week to week for a year on year fall of 44.4 per cent, and Chicago BAI50 fell 8.6 per cent week to week for a year on year fall of 35.1 per cent.
Among the few markets bucking the global trend was India, where rates were rising both to Europe by two per cent week to week, and to the US, up 4.4 per cent week to week, though both routes remain a long way down year on year, by 63.4 per cent and 71.9 per cent respectively. Go to TACIndex.com for all the data on individual routes.
SeaNews Turkey
The overall Baltic Air Freight Index BAI00 fell 5.8 per cent in the week to 10 April, taking its loss over 12 months to 43.7 per cent, bearing out what sources described as 'soft' or 'unstable' market conditions following a modest bounce during March.
Prices fell in the previous week from all major outbound locations including Hong Kong BAI30, which dropped 6.1 per cent week to week to take its year-on-year decline of 41.4 per cent, and Shanghai BAI80, which fell 4.7 per cent week to week, taking a year-on-year drop to 47.9 per cent.
Reports were suggesting the global container shipping market has been turning more positive after a steep fall, but with shippers of goods like garments are opting more for the cheaper option of sea transport rather than air cargo.
Rates from other regions were also weaker, with Frankfurt BAI20 down 4.6 per cent week to week for a fall of 46.2 per cent year on year, London BAI40 was down 6.3 per cent week to week for a year on year fall of 44.4 per cent, and Chicago BAI50 fell 8.6 per cent week to week for a year on year fall of 35.1 per cent.
Among the few markets bucking the global trend was India, where rates were rising both to Europe by two per cent week to week, and to the US, up 4.4 per cent week to week, though both routes remain a long way down year on year, by 63.4 per cent and 71.9 per cent respectively. Go to TACIndex.com for all the data on individual routes.
SeaNews Turkey
