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Our monthly market report provides international freight, carrier and rate insights, to provide supply chain forecasts for the weeks ahead.
With surface and air routes between Asia and Europe that traverse Russia unavailable for commercial cargo movement, we consider the demand on already tight vessel and equipment capacity.
The situation in Ukraine is creating increased transit times, fuel surcharges, and shipping rates, while port Congestion continues to be a significant issue for the the Asia/North Europe and Asia/US trades and while fewer ships are waiting, huge delays remain.
Air cargo shippers on Asia to Europe lanes are dealing with a hike in prices as a substantial amount of capacity has come out of the market, as a direct result of Russia’s move on Ukraine.
Plot No.4-5 Sec. Khia 5,