Xeneta container rates alert: long-term ocean freight rates on the rise again, as demand, congestion and geopolitical uncertainty squeeze shippers

After a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The development, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices, means Mehr

Xeneta container rates alert: rising long-term rates and port congestion compound cargo owner woes

After another month of high demand, over-stretched infrastructure and difficult negotiations for shippers, long-term contracted ocean freight rates now stand 85.5% higher than at this point last year. Although August saw rates rise by a relatively modest 2.2% (contrasted to Mehr

Xeneta container rates alert: container turmoil driving long-term freight rates to historic highs Press Release

2021 has got off to flying start for long-term contracted ocean freight rates, according to the latest XSI® Public Indices report from Xeneta. January’s XSI®, which gleans unique intelligence from crowd sourced real-time shipping rates, shows one of the highest Mehr