Hopes of shipping rates revival dashed


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.

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