Sector

EUROCONTROL: WAR IN UKRAINE, ECONOMIC FALLOUT DELAYING RECOVERY IN AIR TRAFFIC UNTIL AFTER 2024

MSC CHIEF WARNS OF "DIFFICULT QUARTERS AHEAD"

CLIVE: LOWER DEMAND, AND MORE CAPACITY IN THE 'JUMPY' AIR CARGO MARKET DRIVE RATES DOWN.

HONG KONG FURTHER EXTENDS AVIATION RELIEF PACKAGE UNTIL NOVEMBER.

MF: ASIA’S ECONOMIES FACE WEAKENING GROWTH, RISING INFLATION PRESSURES.

WSC said the number of containers lost at sea has been increasing over the past two years.

Airforwarders Association said forwarders must prepare for an airfreight volume crunch driven by a lack of ocean capacity.

Demand is beginning to recover and production is starting to pick up in China after the lockdown in Shanghai was lifted.

Emirates SkyCargo expects pharma growth to continue beyond the Covid-19 pandemic.

Dry bulk freight rates are forecasted to remain stable amid a "limited supply" and steady growth in trade.

IATA recently hit the European Parliament's move to adopt proposed amendments to the EU Emissions Trading Scheme (ETS).

Flexport said carriers continue to return to their original capacity levels in China after the easing of the lockdown in Shanghai but the lull in demand is pushing rates down.

Cathay Pacific expects the aviation sector to bounce back in the next two years.

IATA signalled optimism about the recovery of the air cargo industry amid current challenges brought by the ongoing Russia-Ukraine war and recent China lockdowns.

Shipping delays due to persisting supply chain constraints are costing shippers worldwide anywhere from US$5 billion to US$10 billion.