AJOT | December 08, 2020 | Air Cargo | Freighters | Maritime | Liner Shipping
Key insights:
1. The continued peak in ocean container demand is keeping ports congested, equipment scarce and pushing rates to multi-year highs on all the major lanes out of Asia, as the Asia-Europe (+77% since October, +141% y-o-y), and Asia-Mediterranean (+60% since Oct., +130% y-o-y) lanes have now joined Asia-US lanes at about $4,000/FEU or above.
2. Air cargo may have passed it’s peak season peak, but Freightos.com data showed rates from China to the US and EU began climbing (6-12%) this week, possibly due to vaccine-related cargo starting to grab still-limited capacity.