30 August 2022
DHL Market Update
Airfreight Highlights
- Continued global volume softening.
- Demand remains low mainly due to inflation experienced by major economies; export orders are low in emerging economies especially across Asia Pacific
- Retail and manufacturing inventories are at record highs which further slows airfreight volumes
- Asia Pacific outbound capacity has been constrained due to cancelled freighters, countering the softening in demand keeping pricing high
- Locally the Trans-Tasman sees steady demand with full capacity on DHL’s two Aircraft; 737 – CHC>AKL>MEL and return and the 767 – AKL>SYD and return
- DHL Global Forwarding NZ has capacity to Europe and North America to cater to customer requirements
- Local operators such as Air NZ increasing network to 60% + of pre-Pandemic routes
- Expect overflow from Ocean Freight troubles in late Q3 and Q4
Click here to read Airfright State of the Industry Update (August 2022)
Oceanfreight Highlights
- Global vessel schedule reliability shows modest gain for July, up to 40.5% although the gain was marginal as only half a percentage point
- China Port situation has improved over the last month
- Europe to Oceania improvement with additional lines now taking bookings from Italy
- Export capacity to Australia for FCL is still tight with bookings required 4-6 weeks out, only Hapag Lloyd providing bookings within 3 weeks out. Consider LCL as alternative, see attached
- LCL Ex the USA now routing via East Coast, considerable improvement in service, see attached Kiwibox flyer
Click here to read the Ocean Freight Market Update (August 2022)
You are welcome to contact Karl McCombe, Business Development Executive for DHL Global Forwarding (NZ) Ltd about your specific requirements by emailing karl.mccombe@dhl.com or phoning 029 940 4001.