Dear Clients & Partners,
There has been a shift in focus to airfreight, which is expected to increase in the coming weeks. The reasons as summarized below.
Why has there been a shift to airfreight preference?
- The increasingly common perception that the situation in the Red Sea will not have a “quick fix” and that it might take several months or more before significant improvements are seen.
- This has resulted the significantly increased freight rates & transit times (most significantly on the West East Trade lanes) being factored into Supply chain planning and in function of this Airfreight looking like an increasingly viable alternative.
- The approach of Chinese New Year and Lunar New Year holidays at the beginning of February will likely exasperate the situation.
So while airfreight prices have so far remained relatively stable, we are likely see a surge in demand for Airfreight – and along with that a spike in freight rates.
What does this mean for you?
- The Inter-Sped team is always doing our absolute best to get your freight to its destination by the fastest, most cost-effective means. We will be keeping a very close eye on all shipping and airfreight rates and routes.
- We will contact you on an individual shipment level if there are any changes for you.
For further, more in-depth reading:
- https://www.freightnews.co.za/article/air-cargo-alternatives-expected-increase-back-red-sea-upheaval
- https://www.aircargonews.net/airlines/gradual-increase-in-airfreight-expected-as-red-sea-crisis-could-last-months/
- https://theloadstar.com/red-sea-crisis-expected-to-drive-sea-air-demand-as-chinese-new-year-looms/
- https://www.msn.com/en-us/money/markets/freighters-seek-air-cargo-back-up-amid-red-sea-shipping-crisis/ar-AA1n6vF7
Best Regards,
Coenie & The Inter-Sped Team
