Date: Oct 09 2017
Title: Air Freight Market Update Report for Week 41


Bangladesh
Airlines require booking minimum 5 days in advance.
All carriers need to do second time screening for EU bound cargo until further notice and that causes of extra time of
2-3 days at transit hubs. 
Due to such situation, air freight capacity drop (both passenger and freighters).  Transit hub has space and man power
shortage to do such work, in light of the situation air space pressure come up gradually.

EU mandatory second airport screening issue can be solved once EDD machines set up by DAC airport authority,
the time of finishing is to be announced.
In this moment, Dhaka airport is in very bad position and 2000-2500 tons backlog.

China
National holiday from 10/01-10/8
Rate and space were critical before this 8 days holiday.
Cargo volume will gradually pick up but there are some backlog waiting for uplift since before the holiday.

Hong Kong
Out of serious backlog problem, air space is still very tight. The pressure on air freight transportation has not yet
been released.
It is expected to have huge amount of goods need to be transfer after the holidays next week.
As demand remains high, the market will stay hot for a while.
To secure space and arrange flight plan properly, customers are always encouraged to place booking as early as possible.

India
Delhi (DEL):  Custom EDI system is now working properly, Sbill & Bill Of entry are getting processing within 1-2 Hrs.
Airlines are having cargo in hand for the next 2 days departure, they are accepting fresh shipment on delay basis. 
Airlines are accepting US Sector cargo by higher rates as onward confirmation is delayed from transit points. 
Shipment to all major US ports are getting longer transit by 4-6 days.  Even European Sectors, airfreight rate and transit time
has increased, about 2-3 airlines having backlog of 50 ton and have stopped accepting US shipments.

(CCU): Sudden Rush of Cargo Due to local festival. Airfreight rate increased by about 15%.Space is issue as onward connections are delayed.

Bangalore (BLR): Space situation is very tight for ATL/JFK & LAX and rates are still high. Accepting cargo only against advance
booking and sub to onboard confirmation
Mumbai (BOM): There is no improvement in back-log at Mumbai airport. 
Back-log of few major airlines are  BA: 15 Tons; EK: 30 Tons; QR: 20 Tons for Middle East, Europe, US Sectors. 
Airlines are accepting the cargo on express mode for immediate booking and for normal booking they need 3-5 days advance booking request. 
Custom EDI system is slow as usual and long queue of trucks at the airport to cart the cargo is now become regular scene.

Chennai (MAA): Chennai Airport space situation is better but carriers are still issuing space under mode of Express Rates
as onward connections getting delayed for U.S./ Europe. Onward schedule is getting delayed by 4 to 5 days.

Indonesia
No backlog at CGK                                                                                                                                                                                          
Demand slower than last week (could be affected by slow demand from China, Taiwan, Japan long holiday).
Only backlog for some import cargo ex TPE-CGK.

Taiwan
1. Taipei airport backlog is around 125ton.
2. Taiwan Semiconductor Manufacturing Company Ltd (TSMC)'s project (whole plant output) from TPE to NKG  via CI charter service with 3 flights per week. 
As a result, it causing critical space for TPE to NKG and some other cargoes via CI ex TPE to PVG.
3.EVA AIR will implement a general rate increase of 20~25% for all the shipments from Taiwan to North America with effect from 15 Oct 2017.
4.CI  announce rate 15%~20% increase based on current selling rate from Taipei to USA, Canada, and Latin America with effective as of 16OCT, 2017.
5.CX  has adjustment of fuel surcharges details is Taiwan export shipments with effective from 1 Oct 2017,
TC IATA I and II  increase from USD0.51/K  to USD0.60/K
TC IATA III : USD0.17/K to USD0.21/K 
6.CX TAIPEI – NORTH AMERICA freightage will be adjusted to increase from 16 October 2017.
TPE- WEST COAST freightage will be adjusted to plus around 0.35/K on current selling price.
TPE- EAST COAST freightage will be adjusted to plus USD0.16/K  based on current selling price.

Thailand
Demand of export cargo from BKK to USA & Europe gateways decrease a bit after quarter end period.
But the space if some airline still tight due to the cargo from other origins & the goods from China delivered before
Chinese National Day still pending to export. CI & QF can not accept booking till end of this month.
Transit time remain longer than normal situation.
Advance booking require at least 1 week.

Vietnam
Market is same as last week, tough with heavy backlog.  As forecast, situation will prolong to end of this year.
Rate is increasing 10% more. Transit time is longer than normal, may reach 7-8 days and not easy to get booking confirmation.
Due to long holiday in China, Hong Kong, Korea, many flights to these destinations are cancelled and will be back to normal from 10.Oct

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