As ocean rates fall, Maersk awaits a modal shift from air to sea

In an update to customers, it said air freight volumes remained low, adding: “High inflation rates across Europe are continuing to impact disposable income and how much consumers are spending.

maersk air pic

As ocean freight rates continue to fall, Maersk says it expects to see modal shift from air to sea this quarter.

“Ocean freight rates coming down in the first quarter of the year is likely to herald a shift from air to ocean transport, too, as air volume growth remains fairly flat. The Chinese New Year slowdown traditionally slows air freight demand.”

Maersk was more optimistic for air cargo in the second half, when inflation rates are set to fall, commenting: “Air freight demand will likely increase as a result.”

The Danish group now has a second Amerijet-operated aircraft in the air, plying the same route as the first, between Incheon, Anchorage and Greenville-Spartanburg, a route originated by forwarder Senator International, which Maersk is currently integrating.

Air cargo is now being assimilated throughout the AP Møller Maersk group, with subsidiary shipping line Hamburg Süd marketing forwarding and air freight on the Maersk network. A spokesperson explained that Maersk group brands had their own sales and customer services teams, but used the “same network or hardware”.

Of the other container line airlines, MSC still has just one aircraft, operated by Atlas Air. CMA CMA had one A330F “withdrawn from use” on Christmas Eve, but it is due to return to the fleet now it has been re-registered in France, according to aircraft databases.

It is also expanding its team. Hafid B, a Qatar Airways cargo veteran, is to join in the Benelux region next month. He has also worked for Cathay Pacific and Schiphol, as well as Pantos Logistics, and will report to Giuseppe Tarantini, commercial manager for the DACH, Benelux and Nordic countries, as well as the UK & Ireland. 

Source: Theloadstar

 


Related News

FORWARDERS LOOK TO SHIPPER-OWNED CONTAINERS TO BOOST RELIABILITY
FORWARDERS LOOK TO SHIPPER-OWNED CONTAINERS TO BOOST RELIABILITY

1799 Views

With the pressure on equipment capacity showing no sign of abating, freight forwarders are increasingly turning to “shipper-owned containers (SOCs)” to minimise the risk associated with port congestion and potential penalties, amid Covid-induced supply chain dysfunction.

SUPPLY CHAINS ‘FINALLY BEGINNING TO STABILISE’, SAYS MAERSK
SUPPLY CHAINS ‘FINALLY BEGINNING TO STABILISE’, SAYS MAERSK

1157 Views

Maersk believes supply chains “are finally beginning to stabilise and find equilibrium”.

SUEZ CANAL TO RAISE FEES, HEAPING PRESSURE ON GLOBAL SUPPLY CHAINS
SUEZ CANAL TO RAISE FEES, HEAPING PRESSURE ON GLOBAL SUPPLY CHAINS

2064 Views

With shipping industry still recovering from Ever Given crisis, transit tolls are increasing by 6%


Comment
  • Your review
main.add_cart_success