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Xeneta News
Container Shipping: Rates Dip in January, Fundamentals Strong says Xeneta
Long-term contracted ocean freight rates fell 3.6% in January, according to the latest Xeneta Shipping Index (XSI) Public Indices, the second consecutive monthly rates decline following 14 straight months of increases. Despite the recent stumble, contracted rates stand 98.1% up year-on-year.“The logistics chain remains stressed,” said Patrik Berglund, CEO of Oslo-based Xeneta, “with demand outstripping supply…
Xeneta: Intra-Asian Spot Rates Contribute to Rising Manufacturing Costs in The Region
Among most global trades, intra-Asian rates have seen considerable increases in recent years, though the costs on the world’s busiest container trade have not risen as quickly as in other places, Xeneta, and ocean and air freight rate benchmarking and market analytics platform said Thursday.According to Xeneta, in the first half of January, spot rates from the main Chinese ports to the main Japanese and South Korean ports have risen back above USD 1 800 per FEU.
2022 & Beyond: Will the Container Carrier Debacle Ever End?
When the global supply chain runs smoothly, it’s like a well-choreographed dance. Everything comes together elegantly and effortlessly. But when someone misses a step, the show can quickly turn into a disaster. And that’s what’s currently unfolding before our eyes, headline after headline.Those of us in the supply chain industry know it takes a Herculean effort to keep the wheels of commerce turning without so much as a squeak or rattle.
Strong Demand, Supply Chain Strain Persist, says Xeneta
Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases. According to the Xeneta Shipping Index (XSI) Public Indices, long-term rates recorded their tenth consecutive month-on-month rise in October, climbing by 2.2%. The indices now stand at a colossal 93.1% up year-on-year…
Peter Sand Joins Xeneta as Chief Analyst
BIMCO's longtime chief shipping analyst Peter Sand is departing the trade organization to take up the chief analyst role at ocean and air freight rate benchmarking, market analytics platform and container shipping index Xeneta, the Olso-based company announced on Wednesday.Sand joins Xeneta after over a decade at BIMCO, where he was responsible for analyzing commercial markets based on the global economic situation and its influence on trade.
Contracted Rates to Fall Long-term Due to Conoravirus -Xeneta
The container shipping segment appears to have caught coronavirus, with the industry suffering its first monthly fall in long-term contracted ocean freight rates since October 2019. According to the latest XSI Public Indices report from Xeneta, March 2020 saw a small dip of 0.5% in rates after a sustained period of growth. Although these symptoms look mild, the future is characterized by growing uncertainty…
Container Contract Rates Rise in November
The ongoing trend of downward pressure on long-term contracted ocean freight rates appears to have been broken, or at least temporarily derailed, with marginal increases…
Xeneta Expects Further Disruption in Container Rates
Further disruption in ocean freight rates expected despite best efforts from leading carriers, according to Xeneta Container Rates Alert.Long-term contracted ocean…
Container Rates Fall Due To Overcapacity
According to Norway-based ocean freight rate benchmarking and market intelligence specialist Xeneta, long-term contracted ocean freight rates for carriers continued their downward trend this month, however by only 0.1% globally. The company said the decline comes against a backdrop of increasing overcapacity, and that widespread blanked sailings and on-going concern over US-China relations were adding…
Xeneta: Trade War Impacting on Far East
Look beneath the surface of a relatively calm month for long-term contracted ocean freight rates and, says Oslo-headquartered Xeneta, industry observers will see a maelstrom of activity, adjustments and market uncertainty.According to the latest XSI Public Indices report from Xeneta, the leading ocean freight rate benchmarking and market analytics platform, July saw a marginal decline in rates of 0.4%, with a marked fall in the Far East export benchmark.
Container Freight Rates Fall: Xeneta
After two months of steady increases in long-term contracted rates for containership operators, the latest XSI Public Indices report from Xeneta shows a reversal of fortunes…
Container Rates Alert: Box Industry Builds
Small yet significant rises in European import and export activity, combined with increased Far East imports and continued growth in US exports has fuelled a moderate improvement in long-term global container rates in March. The trend, identified in the latest XSI Public Indices report from Xeneta, builds on the positive rates development recorded last month, which effectively halted a decline underway since August 2018.Oslo-based Xeneta…
Mega Ships Affect Freight Rates: Xeneta
Short-term container rates on the China Main ports to North Europe Main ports have seen a slight drop since the beginning of the year. However, compared to Spring and Autumn 2018…
Xeneta Launches Monthly Container Shipping Index
Ocean freight rate benchmarking platform Xeneta unveiled public indices delivering monthly insights on long-term ocean freight rate development.Oslo-based ocean…
Xeneta Warns on Uncertain Container Shipping Market
The contract freight rate benchmarking company Xeneta warned about further uncertainty for the global container shipping market in 2017. Although rates have risen…
Xeneta Proposes Commodity Status in Container Shipping
With ultra-low container rates, multiple operators teetering on the brink of bankruptcy and adversarial relationships developing between those shipping goods and the carriers, Xeneta believes the entire container industry must evolve. The Oslo-based benchmarking and market intelligence platform for containerized ocean freight is proposing a solution it says would benefit both shippers and carriers – the introduction of ‘commodity’ status.
