Demand and rates from Middle East & South Asia (MESA) origins have continued to surge – especially to Europe, with spot rates from MESA origins to Europe averaging more than twice their equivalent level last year for the last 10 consecutive weeks, driven in particular by highly elevated spot prices from India and Bangladesh, according to World ACD.
However overall average rates from MESA origins to destinations worldwide were up, YoY, by +50% in weeks 22 and 23, helping average worldwide rates to hold firm at US $2.52 a kilo, despite YoY falls in average prices from Europe (-16%) and North America (-11%).
Total worldwide chargeable weight flown in weeks 22 and 23 slipped slightly (-1%) compared with the previous two weeks (2Wo2W), but worldwide tonnages were up by +12%, YoY
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