Hormuz Strait Tensions Drive Demand for Sea-Air Freight, Keeping Rates High
Growing geopolitical tensions in the Middle East, particularly the potential closure of the Strait of Hormuz, are compelling shippers to shift from ocean to sea-air freight solutions. This pivot is sustaining elevated air cargo rates, especially on crucial trade lanes from Asia to Europe. Logistics companies are observing a significant surge in sea-air volumes transiting through hubs like Dubai and Colombo. The situation builds upon existing market pressure from the Red Sea crisis, reinforcing the role of air cargo as a critical alternative for supply chains. This trend is further supported by a general recovery in the air freight market, driven in part by strong e-commerce demand.
Official Source: https://aircargoweek.com/hormuz-closure-keeps-freight-markets-elevated/
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