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Turkish Airlines usually operates 14 Bangladesh flights each week, but has cut half of them since November as it cannot remit $24 million in revenues and most other foreign airlines face the same issue and have slashed their flight frequencies
All importers are required to comply with the Uyghur Forced Labor Prevention Act, which came into effect on the 21st June 2022, with the requirement to submit China postal codes, to prove that goods have not come from the Uyghur
The fastest and most efficient way to transport things both domestically and internationally is by air. The difference in cost between air and sea transport is often quite significant. However, in some cases, this difference can be not only necessary
Ocean container rates were particularly high during 2022, but towards the latter half of the year started to fall, as the market experience a significant oversupply of capacity, while airfreight volumes dipped for a ninth consecutive month in December.
It is inevitable that we will see some supply-chain disruption this year, but it likely to be far less than the global turmoil experienced over the last two years, as consumer demand is likely to be muted through the first
As capacity tightens ahead of Chinese New Year, we expect the normal slack period of freight demand after the holiday, which falls on the 22nd January, to last until May, which means that the risk of even more blanked
The air freight market benefited from massive modal-shift volumes over the last two years, as ocean carriers struggled to maintain schedule integrity in the face of endemic disruption, but those shippers are moving back to ocean as congestion eases and
Market fundamentals have been changing rapidly and the costs of transporting goods out of China and many other critical sourcing regions continues to sink amid a sharp slowdown in western economies. Air freight rates continue to soften, with ocean rates
As global economies take a battering, with purchase manager indices and consumer sentiment plunging, the inevitable slowing in demand is leading carriers to blank sailings, with 8.8% of capacity due to be pulled from Asia to Europe and a pronounced
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