After the widespread cargo disruption at Shanghai Pudong Airport (PVG) due to drastic Covid policies, freighter flights are slowly resuming, but a reduced workforce means week-long cargo delays and fast-moving freight rates. Space is still scarce and EU destinations are currently delayed two-to-three days. One Chinese forwarder in Shanghai expects that most freighters will be back to schedule soon, while all passenger-freighters will remain cancelled until 5 September. Furthermore, with capacity from PVG down 30%-50%, rates are continuing the upward spiral experienced since the start of the year.
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