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EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 32-2026
📌 Weekly Logistics Highlights (August 1–7, 2026)
From August 1 to 7, 2026, Middle East shipping turmoil dominated global logistics: the Strait of Hormuz only allowed minimal vessel transit amid Iran-Oman negotiations, Houthi attacks forced carriers to reroute Gulf cargo via the Cape of Good Hope and add war-risk surcharges. Freight rates diverged across routes, transpacific lanes firmed while Asia-Europe rates softened, and recovered passenger belly capacity dragged down transatlantic airfreight prices. US tariff-driven pre-stocking ended, retailers began festive-season inventory arrangements, and logistics companies adopted diversified transport routes to evade Middle East risks. Several shipping insurance and customs policies were updated, while logistics giants expanded services to prepare for the Q4 shopping peak.
China
Hong Kong, China
🔹 Green Shipping Project Progress
Aug 4 official release from Hong Kong Maritime & Ports Board: Phase 10 Green Shipping Fund projects maintain steady construction progress, covering 19 methanol vessel refitting projects and 18 terminal shore power upgrading projects. 46 international shipping carriers renewed supplementary carbon cooperation agreements with Hong Kong to align with the city’s 2030 carbon neutrality roadmap; the annual carbon reduction target of 9,300 tons remains scheduled for completion in Q4 2026, with no adjustment to the construction schedule.
Aug 4 official release from Hong Kong Maritime & Ports Board: Phase 10 Green Shipping Fund projects maintain steady construction progress, covering 19 methanol vessel refitting projects and 18 terminal shore power upgrading projects. 46 international shipping carriers renewed supplementary carbon cooperation agreements with Hong Kong to align with the city’s 2030 carbon neutrality roadmap; the annual carbon reduction target of 9,300 tons remains scheduled for completion in Q4 2026, with no adjustment to the construction schedule.
🔹 Q4 Air Cargo Booking Reminder
Aug 7 HKIA logistics notice: HKIA issued an early booking reminder to global cross-border e-commerce clients, reminding merchants to lock air cargo slots for Black Friday and Christmas shipments in advance, driven by rising Q4 air freight reservation intentions of Amazon, SHEIN and other brands; cold chain dedicated warehouse resources are tight due to continuous pharmaceutical & biotech cargo inflows from Southeast Asia to North America via Hong Kong transshipment.
Aug 7 HKIA logistics notice: HKIA issued an early booking reminder to global cross-border e-commerce clients, reminding merchants to lock air cargo slots for Black Friday and Christmas shipments in advance, driven by rising Q4 air freight reservation intentions of Amazon, SHEIN and other brands; cold chain dedicated warehouse resources are tight due to continuous pharmaceutical & biotech cargo inflows from Southeast Asia to North America via Hong Kong transshipment.
Shenzhen, China
🔹 Yantian Port Optimizes Multimodal Customs Clearance
Aug 2 Yantian Port official launch: river-sea multimodal one-stop customs clearance service went online officially, realizing single customs declaration for cargo transported between Guangdong inland river ports and international ocean vessels, cutting document processing & customs dwell time for intermodal cargo by 45%. The Yantian–LA/Long Beach APEC green shipping corridor added 12 weekly reefer container slots specially for Chinese fruit & agricultural export cargo, solving the shortage of refrigerated space for seasonal agricultural products in summer. The July methanol bunkering target was fully completed as scheduled, and long-term methanol fuel hedging contracts were extended to 2036 to stabilize green shipping costs.
Aug 2 Yantian Port official launch: river-sea multimodal one-stop customs clearance service went online officially, realizing single customs declaration for cargo transported between Guangdong inland river ports and international ocean vessels, cutting document processing & customs dwell time for intermodal cargo by 45%. The Yantian–LA/Long Beach APEC green shipping corridor added 12 weekly reefer container slots specially for Chinese fruit & agricultural export cargo, solving the shortage of refrigerated space for seasonal agricultural products in summer. The July methanol bunkering target was fully completed as scheduled, and long-term methanol fuel hedging contracts were extended to 2036 to stabilize green shipping costs.
🔹 Enterprises Stock Inventory in Middle East Overseas Warehouses
Aug 6 feedback from Shenzhen Cross-Border E-Commerce Association: local NEV, smart home and consumer electronics export enterprises continued to pre-position inventory in bonded warehouses in Dubai, Riyadh and Kuwait; all three batches of overseas warehouses remain fully occupied throughout the week, the core purpose being to avoid the risk of cargo detention & delay caused by uncertain navigation conditions in the Strait of Hormuz. Local freight forwarders uniformly suggest clients reserve Middle East air freight space 7–8 days in advance to prevent space shortages.
Aug 6 feedback from Shenzhen Cross-Border E-Commerce Association: local NEV, smart home and consumer electronics export enterprises continued to pre-position inventory in bonded warehouses in Dubai, Riyadh and Kuwait; all three batches of overseas warehouses remain fully occupied throughout the week, the core purpose being to avoid the risk of cargo detention & delay caused by uncertain navigation conditions in the Strait of Hormuz. Local freight forwarders uniformly suggest clients reserve Middle East air freight space 7–8 days in advance to prevent space shortages.
Guangzhou, China
🔹 Nansha Ro-Ro Routes to Middle East Keep Full Load
Nansha Port vehicle shipping department disclosed on Aug 3: 11 weekly Middle East ro-ro shipping routes bound for Jeddah, Dubai, Abu Dhabi, Kuwait and Doha maintained full vessel loading rates, pre-booking inquiries for August ro-ro vehicle shipping space increased sharply from Middle Eastern auto dealers and vehicle importers; automated vehicle loading technology stabilized vessel berthing efficiency, effectively avoiding congestion at the vehicle terminal.
Nansha Port vehicle shipping department disclosed on Aug 3: 11 weekly Middle East ro-ro shipping routes bound for Jeddah, Dubai, Abu Dhabi, Kuwait and Doha maintained full vessel loading rates, pre-booking inquiries for August ro-ro vehicle shipping space increased sharply from Middle Eastern auto dealers and vehicle importers; automated vehicle loading technology stabilized vessel berthing efficiency, effectively avoiding congestion at the vehicle terminal.
🔹 Extra Freighter Flights Launched for Sea-Air Diversion Cargo
Aug 7 airline operation notice: China Southern Cargo and SF Airlines persisted in operating temporary dedicated freighter flights to the Persian Gulf to undertake sea-diverted cargo shipments; electronic components, medical raw materials and biopharmaceuticals account for 82% of total air cargo tonnage on these Gulf routes, no additional conflict surcharges were added to pharmaceutical cold chain freight during the week.
Aug 7 airline operation notice: China Southern Cargo and SF Airlines persisted in operating temporary dedicated freighter flights to the Persian Gulf to undertake sea-diverted cargo shipments; electronic components, medical raw materials and biopharmaceuticals account for 82% of total air cargo tonnage on these Gulf routes, no additional conflict surcharges were added to pharmaceutical cold chain freight during the week.
Shanghai, China
🔹 COSCO Maintains Surcharge Rules for Cape Routes
Aug 1 COSCO Shipping official circular: Asia–Middle East Cape rerouted shipping services retain the existing war-risk surcharge standard, valid until late October 2026, with no price adjustment for the time being; transit time via Cape of Good Hope is still 13–16 days longer than the traditional Suez Canal route, and Jeddah & Salalah serve as the core feeder transshipment hubs for Gulf-bound containers, handling 65% of all Persian Gulf container cargo.
Aug 1 COSCO Shipping official circular: Asia–Middle East Cape rerouted shipping services retain the existing war-risk surcharge standard, valid until late October 2026, with no price adjustment for the time being; transit time via Cape of Good Hope is still 13–16 days longer than the traditional Suez Canal route, and Jeddah & Salalah serve as the core feeder transshipment hubs for Gulf-bound containers, handling 65% of all Persian Gulf container cargo.
🔹 Shanghai Port Clears Typhoon Backlogs and Sets New Throughput Record
Aug 2 Shanghai Port Authority announcement: Shanghai Port completely cleared cargo backlogs accumulated by Typhoon Bavi in mid-July, and set a new single-day container throughput record on August 2; the Yangshan Port AI intelligent berthing system eliminated terminal congestion entirely, vessel turnaround efficiency is 26% higher than the average level of domestic major ports in China.
Aug 2 Shanghai Port Authority announcement: Shanghai Port completely cleared cargo backlogs accumulated by Typhoon Bavi in mid-July, and set a new single-day container throughput record on August 2; the Yangshan Port AI intelligent berthing system eliminated terminal congestion entirely, vessel turnaround efficiency is 26% higher than the average level of domestic major ports in China.
Tianjin, China
🔹 Green Logistics Corridor Expansion On Schedule
Aug 4 Tianjin Port ecological logistics department announcement: the green shipping corridor expansion project progresses on schedule, targeting 73% coverage in September 2026; weekly berthing volume of LNG & methanol eco-friendly vessels remains stable at 160 rotations, and the number of shore power connection piles at terminals increased to 489 sets during the week.
Aug 4 Tianjin Port ecological logistics department announcement: the green shipping corridor expansion project progresses on schedule, targeting 73% coverage in September 2026; weekly berthing volume of LNG & methanol eco-friendly vessels remains stable at 160 rotations, and the number of shore power connection piles at terminals increased to 489 sets during the week.
🔹 Binhai Airport Becomes North China’s Main Sea-to-Air Channel
Binhai Airport confirmed on Aug 5: 13 weekly dedicated freighter flights to Jeddah still undertake 60% of sea-to-air diverted export cargo from North China to the Middle East; auto spare parts, engineering machinery and industrial electronics constitute the main cargo types, and AI intelligent customs clearance channels greatly shorten the customs waiting time for exports bound for the Middle East and Southeast Asia.
Binhai Airport confirmed on Aug 5: 13 weekly dedicated freighter flights to Jeddah still undertake 60% of sea-to-air diverted export cargo from North China to the Middle East; auto spare parts, engineering machinery and industrial electronics constitute the main cargo types, and AI intelligent customs clearance channels greatly shorten the customs waiting time for exports bound for the Middle East and Southeast Asia.
Qingdao, China
🔹 Qingdao Port Expands Global Shipping Network
Aug 6 CCTV maritime special report: Qingdao Port opened 16 new international container routes in the first 8 months of 2026, covering more than 700 ports worldwide, consolidating its status as North China’s core green bunkering hub; May green vessel subsidy settlement work was fully finished this week.
Aug 6 CCTV maritime special report: Qingdao Port opened 16 new international container routes in the first 8 months of 2026, covering more than 700 ports worldwide, consolidating its status as North China’s core green bunkering hub; May green vessel subsidy settlement work was fully finished this week.
🔹 Direct Qingdao-Haiphong Service Removes Busan Transshipment
MSC shipping notice effective Aug 1: the direct Qingdao–Haiphong container service cancels Busan transshipment links, cutting transit duration by 5 days; return reefer containers carry Vietnamese fruits and aquatic products imported into North China, forming a two-way balanced cargo flow. 11 weekly air freight flights from Qingdao to Osaka keep stable operation to support Shandong seafood export demand to Japan.
MSC shipping notice effective Aug 1: the direct Qingdao–Haiphong container service cancels Busan transshipment links, cutting transit duration by 5 days; return reefer containers carry Vietnamese fruits and aquatic products imported into North China, forming a two-way balanced cargo flow. 11 weekly air freight flights from Qingdao to Osaka keep stable operation to support Shandong seafood export demand to Japan.
Additional China domestic logistics policy update
🔹 New Safety Rules for Energy Storage Container Shipping Released
Aug 7 Xiamen Maritime Bureau jointly released the Version 2.0 Safety Guidelines for Maritime Transportation of Containerized Lithium Energy Storage Systems, China’s first upgraded special specification for containerized energy storage transportation. Sodium-ion batteries and hybrid batteries are incorporated into the management scope for the first time, optimizing thermal runaway prevention, non-standard container inspection and whole-process real-time monitoring standards, supporting the rapid growth of China’s energy storage export business (Xiamen Port’s energy storage container exports exceeded 860 units from Jan–Aug 2026, a year-on-year increase of over 100%).
Aug 7 Xiamen Maritime Bureau jointly released the Version 2.0 Safety Guidelines for Maritime Transportation of Containerized Lithium Energy Storage Systems, China’s first upgraded special specification for containerized energy storage transportation. Sodium-ion batteries and hybrid batteries are incorporated into the management scope for the first time, optimizing thermal runaway prevention, non-standard container inspection and whole-process real-time monitoring standards, supporting the rapid growth of China’s energy storage export business (Xiamen Port’s energy storage container exports exceeded 860 units from Jan–Aug 2026, a year-on-year increase of over 100%).
Vietnam
🔹 Haiphong Port Accelerates Terminal Expansion
Aug 6 Haiphong Port construction briefing: Phase 2 terminal expansion works are accelerated to cope with continuous cargo inflows brought by manufacturing supply chain relocation from Europe and the US to Vietnam; the terminal implements 24/7 three-shift operation mode to control container dwell time within 1.4 days. Global logistics companies’ pre-registration consultation volume for the VILOG 2026 Vietnam Logistics Exhibition (SECC Booth B120) kept rising this week, most visiting enterprises focus on Vietnam–Middle East sea freight channel cooperation opportunities.
Aug 6 Haiphong Port construction briefing: Phase 2 terminal expansion works are accelerated to cope with continuous cargo inflows brought by manufacturing supply chain relocation from Europe and the US to Vietnam; the terminal implements 24/7 three-shift operation mode to control container dwell time within 1.4 days. Global logistics companies’ pre-registration consultation volume for the VILOG 2026 Vietnam Logistics Exhibition (SECC Booth B120) kept rising this week, most visiting enterprises focus on Vietnam–Middle East sea freight channel cooperation opportunities.
🔹 National Logistics Infrastructure Construction Advances Steadily
Aug 3 Vietnam Ministry of Transport progress release: Busan Port’s bonded logistics warehouse project in Haiphong confirmed to break ground in September 2026 and open in H1 2027 as scheduled; Vietnam’s USD 2 billion national logistics infrastructure upgrading project has completed 43% of total construction volume, and the Cai Mep Port & Tan Cang-Moc Bai inland dry port project will be delivered in Q4 2027 per the original plan.
Aug 3 Vietnam Ministry of Transport progress release: Busan Port’s bonded logistics warehouse project in Haiphong confirmed to break ground in September 2026 and open in H1 2027 as scheduled; Vietnam’s USD 2 billion national logistics infrastructure upgrading project has completed 43% of total construction volume, and the Cai Mep Port & Tan Cang-Moc Bai inland dry port project will be delivered in Q4 2027 per the original plan.
South Korea
Busan, South Korea
🔹 Smart Port Digital Platform Enters Final Testing
Aug 4 South Korea Ministry of Maritime Affairs announcement: Busan Port’s national unified digital port platform entered the final internal beta testing phase; AI intelligent terminal management systems have been fully deployed across 5 core container terminals in Busan, cutting vessel anchoring waiting time by 30% effectively easing yard stacking pressure brought by high transshipment volume. Global autumn electronics inventory replenishment demand kept Busan’s dedicated semiconductor Chip Express shipping lanes fully booked throughout the week.
Aug 4 South Korea Ministry of Maritime Affairs announcement: Busan Port’s national unified digital port platform entered the final internal beta testing phase; AI intelligent terminal management systems have been fully deployed across 5 core container terminals in Busan, cutting vessel anchoring waiting time by 30% effectively easing yard stacking pressure brought by high transshipment volume. Global autumn electronics inventory replenishment demand kept Busan’s dedicated semiconductor Chip Express shipping lanes fully booked throughout the week.
🔹 Busan-Incheon Logistics Data Interconnection Completed
Aug 7 official test completion notice: data synchronization between Busan logistics platform and Incheon Port & Airport system was fully finished, the nationwide unified intelligent port system is scheduled for official commercial launch in Q1 2027.
Aug 7 official test completion notice: data synchronization between Busan logistics platform and Incheon Port & Airport system was fully finished, the nationwide unified intelligent port system is scheduled for official commercial launch in Q1 2027.
Incheon, South Korea
🔹 Middle East Air Cargo Cools, Cold Warehouses Remain Fully Occupied
Aug 6 Incheon Airport cargo operation report: growth rate of Middle East-bound air cargo slowed to 42% week-on-week, yet the expanded cold chain warehouse area still maintains full load operation, specially undertaking sea-to-air diverted pharmaceutical & medical refrigerated cargo shipped from Asia to the Middle East. Parata Air’s daily HAN-ICN and DAD-ICN cargo air routes maintained 100% punctuality rate with stable flight schedules without cancellation or frequency reduction.
Aug 6 Incheon Airport cargo operation report: growth rate of Middle East-bound air cargo slowed to 42% week-on-week, yet the expanded cold chain warehouse area still maintains full load operation, specially undertaking sea-to-air diverted pharmaceutical & medical refrigerated cargo shipped from Asia to the Middle East. Parata Air’s daily HAN-ICN and DAD-ICN cargo air routes maintained 100% punctuality rate with stable flight schedules without cancellation or frequency reduction.
🔹 Nationwide Paperless Cross-Port Logistics Launched
Aug 1 nationwide rollout: the paperless cross-port logistics linkage system between Incheon and Busan was officially launched nationwide, covering more than 650 local logistics enterprises in South Korea, cutting document processing time by 72% and raising full cargo tracking visibility to 99.8%.
Aug 1 nationwide rollout: the paperless cross-port logistics linkage system between Incheon and Busan was officially launched nationwide, covering more than 650 local logistics enterprises in South Korea, cutting document processing time by 72% and raising full cargo tracking visibility to 99.8%.
🔹 New E-commerce Customs Rules to Take Effect Mid-August
Aug 7 Pre-notice from Korea Customs Service: new cross-border e-commerce customs declaration process will take effect nationwide on August 15, requiring overseas e-commerce sellers to complete buyer real-name verification and digital order docking with Korean customs systems in advance, affecting Korean line cross-border shipping businesses.
Aug 7 Pre-notice from Korea Customs Service: new cross-border e-commerce customs declaration process will take effect nationwide on August 15, requiring overseas e-commerce sellers to complete buyer real-name verification and digital order docking with Korean customs systems in advance, affecting Korean line cross-border shipping businesses.
United States
🔹 New Export Controls & Tariff Refund Distribution Finished
Aug 6 US BIS Federal Gazette official publication: new export control rules restrict exports of tungsten scrap and lithium battery black mass, set to take effect August 27 for a one-year period, requiring such recycled raw materials to be supplied to domestic US manufacturers first; permanent 25% Section 301 tariffs on designated Chinese commodities remain enforced without adjustment. The second batch of CAPE tariff tax refunds has been fully distributed to more than 132,000 eligible importers across the US this week.
Aug 6 US BIS Federal Gazette official publication: new export control rules restrict exports of tungsten scrap and lithium battery black mass, set to take effect August 27 for a one-year period, requiring such recycled raw materials to be supplied to domestic US manufacturers first; permanent 25% Section 301 tariffs on designated Chinese commodities remain enforced without adjustment. The second batch of CAPE tariff tax refunds has been fully distributed to more than 132,000 eligible importers across the US this week.
🔹 LA Port Operation Stable amid Fading Back-to-School Demand
LA Port weekly operation briefing (Aug 6): back-to-school stocking demand in Southern California ports gradually faded; automated yard equipment ensures truck turnaround time stays under 50 minutes, rail yard inventory operates stably with a fixed 3-day container dwell cycle; the mandatory USD 120 per TEU low-carbon logistics surcharge continues to be imposed across all West Coast container terminals. 25 US states jointly filed a lawsuit against the federal government’s new tariff policy on August 5, claiming the tariff hike pushes domestic retail logistics costs up sharply.
LA Port weekly operation briefing (Aug 6): back-to-school stocking demand in Southern California ports gradually faded; automated yard equipment ensures truck turnaround time stays under 50 minutes, rail yard inventory operates stably with a fixed 3-day container dwell cycle; the mandatory USD 120 per TEU low-carbon logistics surcharge continues to be imposed across all West Coast container terminals. 25 US states jointly filed a lawsuit against the federal government’s new tariff policy on August 5, claiming the tariff hike pushes domestic retail logistics costs up sharply.
Bangladesh
🔹 Chittagong Port Runs Over Capacity in Garment Export Off-season Transition
Aug 3 Chittagong Port authority statement: the port kept operating beyond its designed maximum capacity during the tail stage of the summer garment export peak season, deploying additional quay cranes and overtime working shifts to avoid severe congestion, average container dwell time stabilized at 2.4 days. The handover schedule of New Mooring Container Terminal to international professional operators remains fixed for December 2026, with a designed annual handling capacity of 2.5 million TEUs.
Aug 3 Chittagong Port authority statement: the port kept operating beyond its designed maximum capacity during the tail stage of the summer garment export peak season, deploying additional quay cranes and overtime working shifts to avoid severe congestion, average container dwell time stabilized at 2.4 days. The handover schedule of New Mooring Container Terminal to international professional operators remains fixed for December 2026, with a designed annual handling capacity of 2.5 million TEUs.
🔹 Inland Container Trains Alleviate Highway Congestion
Aug 7 Bangladesh Railway operation data: 32 daily container train rotations between Dhaka ICD and Chittagong Port run normally, each train carries 60 TEUs per trip, effectively alleviating highway freight congestion for local garment factories transitioning into the export off-season.
Aug 7 Bangladesh Railway operation data: 32 daily container train rotations between Dhaka ICD and Chittagong Port run normally, each train carries 60 TEUs per trip, effectively alleviating highway freight congestion for local garment factories transitioning into the export off-season.
Myanmar
🔹 China-Myanmar Cross-border Import Trade Keeps Recovering
Aug 7 Yangon Customs statistics: China-origin import cargo volume maintained month-on-month growth momentum, consumer goods, construction raw materials and electronic spare parts are the dominant inbound cargo categories; the bilingual pre-declaration customs system stabilized average clearance duration at 11.5 hours, China-Myanmar cross-border trade continues the recovery trend since mid-July.
Aug 7 Yangon Customs statistics: China-origin import cargo volume maintained month-on-month growth momentum, consumer goods, construction raw materials and electronic spare parts are the dominant inbound cargo categories; the bilingual pre-declaration customs system stabilized average clearance duration at 11.5 hours, China-Myanmar cross-border trade continues the recovery trend since mid-July.
🔹 Domestic Freight Rail Operates Normally to Secure Supply Chain
Aug 1 Myanmar inland transportation arrangement: 10 weekly agricultural freight trains on the Yangon–Mawlamyine line maintain 300-ton load limits prioritizing rice & pulse exports; 12 daily night freight rotations between Mandalay and Yangon operate normally to guarantee stable domestic food commodity supply chains.
Aug 1 Myanmar inland transportation arrangement: 10 weekly agricultural freight trains on the Yangon–Mawlamyine line maintain 300-ton load limits prioritizing rice & pulse exports; 12 daily night freight rotations between Mandalay and Yangon operate normally to guarantee stable domestic food commodity supply chains.
Middle East: Red Sea & Strait of Hormuz
🔹 Limited navigation in Hormuz, Saudi crude avoids the strait
Only sporadic vessels pass through the Strait of Hormuz, with thousands of ships anchored awaiting safe passage. Saudi Arabia transports most crude via overland pipelines to the Red Sea to bypass Hormuz risks. Port congestion in the Persian Gulf persists, and war insurance premiums stay twice higher than usual.
Only sporadic vessels pass through the Strait of Hormuz, with thousands of ships anchored awaiting safe passage. Saudi Arabia transports most crude via overland pipelines to the Red Sea to bypass Hormuz risks. Port congestion in the Persian Gulf persists, and war insurance premiums stay twice higher than usual.
🔹 Red Sea attacks force carriers to abandon Suez trial voyages
Multiple tankers suffered attacks in the Red Sea and Hormuz waters. Maersk suspended new bookings to Upper Gulf ports until mid-September. All shipping lines permanently reroute Gulf cargo around the Cape of Good Hope instead of the Suez Canal.
Multiple tankers suffered attacks in the Red Sea and Hormuz waters. Maersk suspended new bookings to Upper Gulf ports until mid-September. All shipping lines permanently reroute Gulf cargo around the Cape of Good Hope instead of the Suez Canal.
🔹 Egypt-Saudi land corridor becomes a safe channel for high-value goods
Cross-border land freight volume keeps rising. Thanks to a short 6-day transit time, this route is widely adopted to transport pharmaceuticals, electronics and chilled goods.
Cross-border land freight volume keeps rising. Thanks to a short 6-day transit time, this route is widely adopted to transport pharmaceuticals, electronics and chilled goods.
🔹 Air freight market presents polarized pricing
Extra cargo flights sustain elevated capacity in the Middle East. Rates for medicine and electronics remain firm, while prices of regular cargo drop, and Asia-Europe air freight continues to decline.
Extra cargo flights sustain elevated capacity in the Middle East. Rates for medicine and electronics remain firm, while prices of regular cargo drop, and Asia-Europe air freight continues to decline.
European Market Update
- Strike backlogs at major European ports have been fully cleared, with no new dock strikes planned recently. Carriers carry out blank sailings to cut Asia-Europe shipping capacity by 21% and prop up long-term contract freight rates.
- Rhine low-water crisis disrupts inland logistics
The Rhine hit an unprecedented record low water level, paralyzing most inland barge transport and lifting domestic delivery costs across Europe; the drought situation will continue for weeks.
- Northern European railway heat restrictions have been lifted. Major European hubs receive abundant Q4 cargo reservations as importers stock Christmas commodities in advance.
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