The global XSI® index saw its first month-on-month fall since January 2022 as it slid to 448.3 in September, falling by 1.1%.
This is the first drop since January and one of only three declines in the past 21 months. However, Xeneta expects it won’t be the last, with market fundamentals suggesting that the “halcyon days” of ever-increasing rates for carriers may be drawing to a close.
Read more in the latest Xeneta Shipping Index (XSI®) report. https://www.xeneta.com/blog/xeneta-shipping-index-xsi-contract-market-september-2022
Weekly Container Freight Rate Update Week 39, 2022 | Far East to the UK and North Europe Trends
With spot rates coming down, the spread in rates between different importing or exporting countries within a region is also following the trend as the market normalizes and carriers can no longer push through record high rates. One example of this is the fall in the spread of rates for exports out of the Far East, with China coming back into line with its Asian exporting neighbors.
Read more here: https://www.xeneta.com/blog/weekly-container-rate-update-week-39-2022
