Date: Apr 17 2017
Title: Air Freight Market Update Report for Week 16

For the most part, demand for space out of Asian gateways continued to ease since the end of March although Indian air freight gateways are reporting quite the opposite. There remain some reports of delays and congestion at transit hubs, although the situation appears to be improving.

Following are highlights from around our Asian network.

Bangladesh: Market conditions are similar to last week – strong demand for space to US and European gateways and 4 to 5 day advance booking requirements. 

Shanghai: The market situation is stable this week – backlogs have been cleared, airlines have not announced further flight cancelations in April and rates to the US and Europe have dropped slightly from last week.  However market demand is relatively strong and space to the US East Coast and Latin America is tight.
Hong Kong: Demand for space, especially to the US East Coast, surged in advance of the Easter holiday.

India: All air freight gateways are reporting strong demand for space to the US and Europe, Available cargo space is tight and weeks are generally higher than a week ago. Three to four days advance booking is recommended. Additional highlights include:
Kalkutta: All Airlines are taking delay of 3-4 Days before departure for US Sector
Mumbai: Backlogged cargo is being reported by a number of airlines including Ethihad (12 tons), Emirates (20 tons), Jet Airways (10 tons), and British Airways (15 tons).
Chennai: An advance booking confirmation is required before airlines will issue an off-loading order to truckers. Transit times are running 3 to 4 days longer than normal.

Korea: The backlog situation remains at ICN because of strong demand for space for transshipment cargo space. However the overall space situation is improving because of softer demand from Korean exporters. Some carriers are signaling rate increases for later this month on top of an FSC increase effective April 17th. 

Taiwan: Demand for space to US and European gateways remains strong and carriers have been holding the line on higher, mini –peak levels.

Thailand: Demand for space has tailed off as factories shutdown for the Songkran holidays. Airlines continue to report delays at transit hubs for cargo destined to US gateways. 

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