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    Market Update

    Market Update Region MEA

    Market Update

    Thank you for visiting our page and showing interest in our MEA Market Reader. Below you will find brief summaries for a quick overview of the latest supply chain developments in the Middle East and Africa region. You can download the full version from the beside section for a more in-depth analysis.

    If you need more information or have specific questions, our experts are available to help. Please send an email to with the subject "MEA Market Reader MORE INFO" detailing what you would like to know, and our team will be happy to assist you.

    Summary of the Market Update 06/2024

    Developments in the Middle East and Africa

      • Weekly price average at the end of CW 21 is at $99.75/bbl – a decrease of 1% vs the prior week and 5.5% vs the prior month
      • All operations at Dubai International (DXB) will be transferred to Al Maktoum International (DWC) over the next few years. A new Dh128-billion passenger terminal at the DWC will scale up passenger capacity to 260 million annually and “fully absorb” DXB’s operations in 10 years
      • Emirates will begin daily flights from Miami to Bogotá starting June 3rd. The service, operated by a Boeing 777 passenger aircraft, will run every day from Monday to Sunday. Additionally, Emirates will resume its Boeing 777-300ER flights from Phnom Penh to Dubai starting May 1st, after a four-year pause
      • Qatar Airways is planning an investment in a southern African airline in order to expand its network on the continent
      • Challenge Group launches Dubai-Liège freighter flights

      • Schedule reliability reversed its improving M/M trend and declined by -2.5 percentage points M/M in April 2024. This figure is now only 0.6 percentage points higher than the lowest YTD point of January 2024. On a Y/Y level, schedule reliability in April 2024 was -12.1 percentage points lower
      • Despite the drop in schedule reliability, the average delay for LATE vessel arrivals improved, decreasing by -0.31 days M/M to 4.74 days. This figure is now squarely in the middle of the analyzed period, closer to the pre-pandemic lows than the pandemic highs. On a Y/Y level, the April 2024 figure was 0.40 days higher
      • Schedule reliability increased on Asia-NAWC by 9.6 percentage points M/M to 58.8% and on Asia-NAEC by 2.5 percentage points M/M to 40.1%. Asia-NEUR increased M/M by 5.4 percentage points and Asia-MED increased by 3.6 percentage points M/M to 42.6% and 43.5%, respectively. Schedule reliability decreased M/M on Transatlantic Eastbound by -1.8 percentage points and increased on Transatlantic Westbound by 1.2 percentage points to 59.3% and 52.3%, respectively. Asia-NAWC recorded the largest M/M increase of 9.6 percentage points to 58.8%. ECSA-Asia recorded the largest M/M decrease of -17.3 percentage points to 41.1%. Europe-Oceania recorded the largest Y/Y increase of 18.1 percentage points to 60.0% and Africa-Asia recorded the largest Y/Y decline of -33.9 percentage points to 35.7%
      • Delays decreased on Asia-NAWC by -1.03 days and decreased on Asia-NAEC by -0.33 days M/M to 4.36 and 5.55 days, respectively. Delays decreased on Asia-NEUR by -0.58 days and on Asia-ED by -1.68 days M/M to 4.88 and 5.00 days, respectively. Delays increased on Transatlantic Eastbound by 0.27 days M/M and decreased on Transatlantic Westbound by -0.58 days M/M to 4.67 and 4.55 days, respectively. Europe-Indian Sub. recorded the largest M/M decrease of -3.03 days to 6.57 days and ECSA-Asia recorded the largest M/M increase of 0.69 days to 5.04 days. Oceania-Asia recorded the largest Y/Y decrease in delays of -2.27 days to 4.33 days, while the largest Y/Y increase was in Asia-ECSA of 3.73 days to 6.16 days
      • Port congestion globally is worsening and has tied up 2m TEU worth of ships, nearly 7% of the fleet, which is lending support to carrier rate hikes

    DB Schenker Air Freight Intermodal Solutions Airplane Inside Loading Watch Video


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