Date: Dec 11 2017
Title: Air Freight Market Update Report for Week 50


Although we are seeing demand for space ease at origin airports, congestion at transit hubs continues to buoy air freight rates and impair transit times.  While demand for space has eased slightly, it remains relatively strong and shippers should book air freight one week in advance.

Following are highlights from around our Asian network.

Hong Kong: Demand for space remains at a high level and space is tight. It is taking longer than normal to negotiate space and confirm space with carriers. These conditions are likely to persist to year end.

India
Delhi: The flow of goods at the DEL Airport is normal primarily because export shipments are not accepted by airlines unless cargo can be uplifted within 48 to 72 hours upon arrival.  Air freight rates remain on the high side because of congestion at transit hubs.
Kolkatta: Space is tight to all major US gateways and to lesser extent major European gateways. Rates have increased from last week. 
Bangalore: Rates to US gateways remain at peak levels. Most airlines are accepting cargo for +500 kgs on Express mode. 
Mumbai:  The airport continues to report backlogs of cargo. Airlines are only accepting cargo on Express service.  Air India is applying a surcharge of US$0.30/kg on cargo destined to US gateways.
Chennai: Rates remain at peak levels and airlines are only accepting cargo at Express rates.

Indonesia: Available space to the US is tight and rates remain high.

Taiwan: Taipei airport s reporting cargo backlogs of approximately 250 tons. Demand for space to all regions remains high and transit times are running longer than normal. EVA air will implement a 10% rate increase on December 9th to European gateways. 

Vietnam: While air freight rates remain high, and cargo backlogs persist, there has been a slight easing of demand for space. Transit times are still adversely impacted by congestion at transit hubs. Advance booking of one week is required. 

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