Air cargo rates from Middle East & South Asia (MESA) continued to surge throughout May, with spot rates from MESA origins to Europe averaging more than twice their level in May last year, while tonnages and rates from Asia Pacific origins were also well above last year’s levels, according to the latest weekly figures and analysis from WorldACD Market Data.

Amid continuing strong demand, and disruptions to ocean freight services caused by the attacks on container shipping, average air cargo rates in May of US$2.78 per kilo from MESA to worldwide destinations were up +47%, year on year (YoY), with tonnages +17% higher, based on the more than 450,000 weekly transactions covered by WorldACD’s data. And from MESA origins to Europe, May’s average spot rate of around US$3.35 per kilo was more than double the level in May last year, with the average spot rate in week 22 (27 May to 2 June) up by +128%, YoY.

https://acn.nl/rate-surge-continues-throughout-may-from-middle-east-south-asia-worldacd/