Air cargo spot rates between Europe and the US have increased by 7% month-on-month in February 2025, reaching $2.46 per kilogram. This rise contrasts with other corridors, such as Northeast Asia to the US, which saw a 14% decline, and highlights significant shifts in the airfreight market, according to Xeneta’s latest data. While the transatlantic corridor experienced growth, it was not driven by a sudden surge in demand. Instead, the
Category: North Asia
Russia Boosts Fuel Exports to Senegal
Russia has increased its fuel exports to Senegal, according to traders and data from financial information company The London Stock Exchange Group (LSEG). Oil supplies to Senegal hit 550,000 metric tons in the first two months of 2024 alone. In comparison, exports totaled 1.08 million tons for the entirety of 2023 and 0.37 million tons for 2022. LSEG attributes the rise in exports to heightened demand for bunker fuel as