The figures for September 2024 speak for themselves: between 2 and 8 SeptemberAir freight tariffs from Asia increased by 6%, it's even a18 per cent increasewhich is found forflows from China to Europe.
This early month also saw super typhoon Yagi, one of the most formidable storms to hit South China in recent years, causing massive closure of critical infrastructure. The Haikou-Meilan International Airport, the Hainan air cargo hub, suspended all flights for almost two days, resulting in a significant delay in shipments to international markets.
In addition, the famous Mid Autumn Festival was held from 15 to 17 September 2024. These days, decreed as public holidays, have led to the closure of many companies and, at the same time, to disruptions in air cargo, resulting in additional delays in transport.
This last quarter is also that of the end-of-year celebrations which, as we know, raise prices. However, prices are already high due to mass shipments linked to the Ultra-fast-fashion, whose leaders preferred to switch to « aeroplane mode », leaving the sea lanes considered far too slow.
Finally, if we also mention the fact that return flights are near-desert, it is easy to conclude thatprices for this end of year will reach unprecedented levelsand that the remaining capacities will be sold at gold prices.
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