We would like to provide a brief update on the current global air freight market.
At present, many Middle Eastern airlines are out of service due to the ongoing conflict in the region. This is beginning to impact global air freight capacity and rates.
Another consequence of the situation is rising fuel prices, which are expected to place additional upward pressure on air freight rates in the near term.
The SCC team is working very closely with our global air freight partners to secure the most optimal rates and services for all air freight bookings.
We expect the most significant impact to be on shipments ex-Europe, where Middle Eastern carriers traditionally provide a large portion of market capacity. Shipments ex-USA may also experience some capacity adjustments due to aircraft repositioning, along with potential cost impacts from rising fuel prices.
Air freight bookings ex-China and other Asian origins may also see pricing adjustments due to increased fuel costs.
Given that the situation remains very fluid, the SCC team will work closely with you on each and every booking. Where possible, shipments will be secured and moved under prevailing market rates, although occasional delays may occur due to reduced capacity.
Where market conditions result in increased rates (due to capacity constraints or fuel adjustments), we will negotiate the best available rate and service at the time of booking and advise accordingly.
Please note that rate validity will likely be short and may change at the time of booking. As always, the SCC team will keep you well informed on each shipment.
For any rate requests or enquiries, please email sales@sccargo.com.au.