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  • Writer's pictureTeam CargoTalk

Middle East tonnages rise by 3%: latest WorldACD data

Global cargo tonnages experienced a fall of 12 per cent, week on week, while tonnages to Middle East & South Asia rose by 3 per cent, as per latest figures of WorldACD. The 3 per cent worldwide tonnage decline was driven by a 7 per cent drop in tonnages from APAC, which, in turn, was generated by a 17 per cent fall in intra-APAC traffic, with the intra-Asia Pacific market responding more quickly than the main long-haul markets to the arrival of the Lunar New Year holiday period.

Ex-Asia Pacific tonnages to Europe and North America were down by 4 per cent and 2 per cent, respectively, while tonnages to Middle East and South Asia showed an increase. On the much smaller lane from APAC to Central and South America, tonnages were up by 15 per cent, on a 2Wo2W basis.

Average global rates held firm and rose slightly in week 6, as they did in the equivalent week last year (week 3) ahead of Lunar New Year, based on the 400,000 weekly transactions covered by WorldACD’s data.



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