Air Cargo Impacted By Middle East Conflict
The Middle East conflict is having an immediate impact on air freight rates and services to and from the region, along with other areas in Asia.
Iran’s drone and missile attack on Israel at the weekend, and now Israel’s subsequent retaliation, has led to some flights and services being cancelled in and out of the Middle East and Far East services being rerouted to avoid region.
The recent geopolitical developments have led to payload limitations, space issues and also increased fuel costs. Some airlines have decided to stop accepting new cargo bookings on certain routes to and from the Middle East.
Throughout Asia, air freight capacity is being stretched, which has resulted in air freight rates rising rapidly.
The situation has not been helped by a major storm in The UAE and surrounding countries this week. Flooding led to the closure of Dubai Airport’s runways, which had to be closed. Dubai is a major transhipment gateway for Asian routes and delays have followed.
