Tuesday, September 14, 2010

Ex-Asia Rates May Be Stabilizing

(Aircargo World)

UK analyst Drewry Shipping Consultants, which monitors airfreight rates as well as the container shipping sector, says prices ex-Shanghai may have levelled off in August following three months of decreases.

The Drewry Air Freight Price Index, published in the company’s monthly Freight Shipper Insight publication, fell by 10.1% in July against June, despite a continuing increase in volumes out of Asia.

“Base rates have been falling for all destinations we track from Shanghai (London Heathrow, Moscow Domodedovo, Prague, JFK and Los Angeles) since April, although higher fuel and security surcharges mitigated those declines in May,” spokesman Simon Heaney said.