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| TY LOGISTICS Korea-based International Freight Forwarder |
| Weekly Logistics Report May 18, 2026 (Mon) |
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WEEKLY REPORT · VOL.06 🚢 Middle East Logistics & Shipping Update Week 2, May 2026 · Based on KATI Export Intelligence (Published May 14, 2026) Based on carrier notices & EIA/EU Weekly Oil Bulletin. Rates subject to change. |
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🎉 2026 Korea Export Voucher Matching Fair — TY Logistics Participates!
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TY Logistics has been selected as an official service provider for the 2026 Korea Export Voucher Matching Fair.
If your company is interested in leveraging Korea's Export Voucher Program for logistics services, meet us at the fair for a personalized consultation.
| Item | Details |
| 📅 Date | May 22, 2026 (Fri) 10:00 ~ 18:00 |
| 📍 Venue | Grand InterContinental Seoul Parnas, 5F Grand Ballroom
521 Teheran-ro, Gangnam-gu, Seoul |
| 💻 Register | www.exportvoucherfair.com |
| 📅 Key Dates | Registration & Consultation Request: ~May 15 (Fri)
1st Schedule Notification: May 18 (Mon) |
✅ Through the Export Voucher, you can access ocean/air freight, customs clearance, and overseas warehousing services.
✅ Visit TY Logistics booth for a customized logistics solution consultation.
📞 Fair Inquiry: 2026voucherfair@gmail.com / TEL 02-6952-2683
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🚢 OCEAN Steady 20' $3,500~4,500 |
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✈️ LCC CUTS 900 Roundtrip flights cut |
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💲 KRW/USD 1,489 ↑2.8% (May 13) |
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Dear Valued Partners,
Please find below this week's Middle East logistics and shipping trends from TY Logistics. |
📌 Key Highlights This Week • Ocean freight rates steady at highs: 20' $3,500~4,500 / 40' $5,500~6,500 (surcharges excl.)
• Rate increase momentum slowing, but elevated routing/risk costs maintain high levels
• Oil price rebound: WTI +6.2% (101.02), Dubai +4.9% (102.35)
• KRW/USD rebound: 1,489.50 (+2.8%)
• Air FSC effective May 16: KRW 2,260 / 2,120 / 2,020 per kg (long/mid/short)
• ~900 LCC roundtrip flights cut — Jeju Air, Air Busan, Jin Air, T'way, Eastar, Asiana
• Container freight indices (KCCI, SCFI) trending upward
• Iran formalizing Hormuz Strait toll system — PGSA established, 4-currency toll accounts
• Korea Customs: pre-war freight rate basis for duties, saving ~KRW 112.3B for businesses |
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I. Port & Airport Status (As of May 14, 2026) |
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* No status changes confirmed this week.
* Israel TLV airport: cargo operations resumed (Etihad/Silk Way, wide-body aircraft)
* Tehran IKA airport: no carriers available for cargo yet |
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🚢 1. Ocean Freight
| Container | Feb Baseline | Current | Note | | 20' DRY | $1,000~$1,600 | $3,500~$4,500 | WRS, EBS
excl. | | 40' DRY | $1,500~$2,500 | $5,500~$6,500 |
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▶ Surcharges: War Risk 20' $2,000 / 40' $3,000 | BAF 20' $250~300 / 40' $500~600 (at highs)
▶ All-in Rate by Destination
| Destination | All-in Rate (USD) | Routing |
| Jebel Ali (UAE) | 20': $5,500~6,000 / 40': $6,500~8,000 | Khor Fakkan → Trucking → Jebel Ali |
| Hamad (Qatar) | 20': $5,500~6,500 / 40': $7,500~8,500 | Khor Fakkan → Jebel Ali → Feeder → Hamad |
| Jeddah (Saudi) | 20': $5,500~6,500 / 40': $7,000~7,500 | Incl. war risk & emergency BAF |
| Sohar (Oman) | 20': $5,000~6,000 / 40': $6,000~7,000 | Incl. war risk & emergency BAF |
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✈️ 2. Air Freight
▶ FSC & Air Freight Status (May 13) • FSC effective May 16: KRW 2,260 / 2,120 / 2,020 per kg (long/mid/short)
• ~900 roundtrip flights cut by Korean LCCs
• Low-margin SE Asia & resort routes prioritized for cuts; some airlines implementing unpaid leave
• Jeju Air: 187 int'l flights cut (May-Jun) | Jin Air: 176 flights across 14 routes
• Air Busan: Da Nang, Cebu, Guam, HK cuts | Eastar: ICN-Phu Quoc suspended
• T'way: Paris & long-haul cuts planned | Asiana: Phnom Penh, Changchun partial cancellation
• → Tourist route cuts also reducing air cargo volume |
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🚚 3. Inland Transport / 🌐 4. Industry Trends ▶ ME inland rates unchanged: Jebel Ali-Dubai $300(+100%), Sohar-Dubai $2,200(+47%)
▶ US diesel avg $5.639/gal (+62% YoY) / EU avg 2,017 Euro/1000L (+33%)
▶ KCCI & SCFI trending up; MSC emergency BAF hike on Americas routes driving increases
▶ Iran Hormuz Strait: ‘approval system’ + PGSA established + 4-currency toll accounts
▶ Korea Customs pre-war rate ruling: ~KRW 112.3B burden relief for importers |
III. Key Economic Indicators (May 14, 2026) |
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| Indicator | May 13 | May 6 | WoW |
| WTI (USD/bbl) | 101.02 | 95.08 | +6.2% |
| Dubai (USD/bbl) | 102.35 | 97.60 | +4.9% |
| KRW/USD (May 13): | 1,489.50 | +2.8% |
* Sources: NYMEX, Korea Petroleum Corp (Opinet), Hana Bank exchange rate |
💬 Contact TY Logistics For rate inquiries, schedule checks, alternative routing, Export Voucher logistics services, or any other needs, reach out to our team below.
| Ocean FCL/LCL | | Air Freight | | Export Voucher | | Customs / Warehouse |
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👥 Your Dedicated Team
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TY LOGISTICS Co., Ltd. Korea-based Int'l Freight Forwarder
KOTRA Export Voucher Certified Provider
tytradeone.com | Based on KATI Export Intelligence
"ME Logistics Update (Wk 2, May)"
Published May 14, 2026 |
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© 2026 TY Logistics Co., Ltd. All Rights Reserved. |
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