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Transpacific air freight capacity hit by volcanic ash plume
ASIA-US capacity is currently tight following the cancellation of a number of flights due to volcanic ash in the air. Space to Europe has also slimmed down after bad weather in Shanghai and Hong Kong impacted flights.
A series of volcanic eruptions on Alaska's Bogoslof Island triggered an ash cloud which caused several airlines to adjust their transpacific operations, creating "very tight" space, according to one forwarder, according to The Loadstar of UK.
The Alaskan volcano is on part of the Aleutian island chain, under the flight path of many aircraft between Asia and North America. It erupted twice since May, sending an ash and steam plume up to about 36,000ft, before moving eastwards. The volcano observatory said that the "volcano remains at a heightened state of unrest and in an unpredictable condition. Additional explosions producing high-altitude volcanic clouds could occur at any time."
"Airlines have had to decease capacity since last week," said one. "There has been a big challenge for airlines from Asia to the US."
Others were unaffected. Mark Sutch, general manager cargo for Cathay Pacific said: "We were lucky with timing, and got away with no re-routes or cancellations."
Forwarders have also told The Loadstar that poor weather in China had affected EU flights.
"Airlines are increasing rates to the EU, and bad weather meant about 20 flights in and out of Hong Kong have been cancelled. So space to the EU is really affected," said one.
The news came as Drewry reported its latest east-west air freight price index, which saw rates drop 3.1 per cent in May, owing to lower rates on Asia-North America - although they are up 5.3 per cent year on year. But with capacity tight, that tradelane is expected to see price hikes soon. Drewry said it expected air freight rates to rebound in June.
A series of volcanic eruptions on Alaska's Bogoslof Island triggered an ash cloud which caused several airlines to adjust their transpacific operations, creating "very tight" space, according to one forwarder, according to The Loadstar of UK.
The Alaskan volcano is on part of the Aleutian island chain, under the flight path of many aircraft between Asia and North America. It erupted twice since May, sending an ash and steam plume up to about 36,000ft, before moving eastwards. The volcano observatory said that the "volcano remains at a heightened state of unrest and in an unpredictable condition. Additional explosions producing high-altitude volcanic clouds could occur at any time."
"Airlines have had to decease capacity since last week," said one. "There has been a big challenge for airlines from Asia to the US."
Others were unaffected. Mark Sutch, general manager cargo for Cathay Pacific said: "We were lucky with timing, and got away with no re-routes or cancellations."
Forwarders have also told The Loadstar that poor weather in China had affected EU flights.
"Airlines are increasing rates to the EU, and bad weather meant about 20 flights in and out of Hong Kong have been cancelled. So space to the EU is really affected," said one.
The news came as Drewry reported its latest east-west air freight price index, which saw rates drop 3.1 per cent in May, owing to lower rates on Asia-North America - although they are up 5.3 per cent year on year. But with capacity tight, that tradelane is expected to see price hikes soon. Drewry said it expected air freight rates to rebound in June.
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