Hopes of shipping rates revival dashed

1643275063751

Hopes of a revival in long-term ocean freight shipping rates have been short-lived after the latest data from Xeneta showed the market is once again in decline

In September, the Xeneta Shipping Index, which tracks real-time rates developments on a month-to-month basis, revealed global long-term contracted rates had increased for the first time in 12 months.

It now appears September was a false dawn after the XSI dropped 2.6% to 165.3 in October.

This is premium content

Already a member? SIGN IN now

V2-PS

Sign up for FREE to continue reading!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the ports and terminals sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the ports and terminals industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!