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04.03.26 - 16:24
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Air Freight Rates To Spike As Iran War Escalates (ZeroHedge)
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Air Freight Rates To Spike As Iran War Escalates
By Eric Kulisch of FreightWaves
The war launched by the United States and Israel against Iran on Saturday is already disrupting air cargo traffic in the Middle East, a key freight corridor between Asia and Europe where two of the world's largest cargo airlines are based, and raising the potential for a rise in air freight rates.
Airlines are suspending flights, rerouting traffic around the conflict zone and unable to use key transload hubs in Dubai, Abu Dhabi and Qatar because of retaliatory missile attacks by Iran. More scheduling changes are anticipated in the days ahead.
Longer routes require more fuel, reducing the amount of cargo aircraft can carry so as not to exceed weight limits. Some airlines are expected to add refueling stops.
“We are expecting some potentially significant move in rates, especially Asia-Europe, if the situation continues with large-scale flight cancellations,” said Neil Wilson, editor of global price reportin...
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04.03.26 - 14:00
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Air freight costs for China shippers tipped to rise 30% as Middle East airspace shuts down (SCMP)
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Air freight costs for China-reliant shippers may rise by up to 30 per cent due to the suspension of Middle East air routes triggered by US and Israeli strikes on Iran, a Hong Kong-based logistics association said.
The Hong Kong Association of Freight Forwarding & Logistics made the estimate based on “market feedback” since the strikes began on Saturday, the trade group told the South China Morning Post in an emailed statement.
Most of the group's 303 corporate members operate in mainland......
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