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Xeneta GmbH Schauenburgerstr. 10 20253 Hamburg, Germany http://www.xeneta.com/
Contact Ms Katherine Barrios +47 95 14 64 14
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Xeneta GmbH

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

(PresseBox) (Hamburg, )
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 rates have risen across 15 of the last 17 months. They currently stand 87.9% up year-on-year. Furthermore, notes Oslo-based Xeneta, ongoing congestion, high demand and a new level of geo-political angst are unlikely to reverse that trend any time soon.

From bad to worse?

“It’s a worrying time for shippers,” states Patrik Berglund, CEO of Xeneta, which compiles the unique
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