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January cargo flights from Narita down y/y, but still more than before the pandemic

According to the January airport operations report released by Narita International Airport (NAA), the number of cargo flights to and from the airport totaled 2,500 (-39% y/y). The decrease was due to the recovery of passenger flights, which had declined due to the pandemic, and the resolution of disruptions in maritime transportation, but compared to January 2019 before the coronavirus disaster, it was up 36%, making it the third highest January on record. Cargo volume was down 33% from the same month last year and down 9% from the same month in 2007.

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CCFI Summary week 6

Ocean freight rates increased via the West Coast of North America (+8.4%) and via the East Coast of North America (+5.8%). Decreases were seen in South Korea (-7.7% week-on-week) and Europe (-3.4%).

CCFI Summary week 1

Ocean freight rates increased in South Korea (+4.5% week-on-week), via the East Coast of North America (+4.0%), and Europe (+6.6%). Freight rates decreased via the West Coast of North America (-1.5%).

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