Electrolux News

Xeneta and Marine Benchmark partner to launch Carbon Emissions Index (CEI)

Xeneta, the globally renowned ocean and air freight rate benchmarking and market analytics platform, and Marine Benchmark, a major provider of information analysis services and tools for the marine industry, have launched the Carbon Emissions Index (CEI) for the container shipping market. Carbon Emissions Index (CEI) The Carbon Emissions Index (CEI) by Xeneta and Marine Benchmark is a first-of-its-kind data solution that tracks and compares the carbon emissions of ocean carriers across 13 main...

Xeneta’s data reveals that South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast rates

The latest ocean freight rate data from Xeneta reveals that spot rates are currently USD 3 700 more expensive for shipping 40’ containers from the Far East to the South American East Coast compared to the West Coast corridor. This huge gap – the norm is usually around a USD 55 East Coast premium – has opened up since 1 July. However, shippers looking to take advantage of the disparity should move quickly, Xeneta warns, as it may begin to narrow across August and September. Si...

Reefer rates defy global spot trends on North Europe To Far East Trades - according to Xeneta

While spot rates for ‘dry standard’ FEUs are declining on the world’s key global trading corridors, the rates for equivalent reefers are bucking the trend on the North Europe to Far East route. According to the latest market intelligence from Xeneta, which crowd sources real-time ocean freight rate data from shippers, the average 40’ HC reefer spot rate stood at a mighty US$ 5230 for the trade on 23 August, compared to dry standard FEUs at US$ 980. At this point, two ye...

Xeneta releases the figures drawn from its Xeneta Shipping Index (XSI) Public Indices for the contract market

It’s been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June 2022. Following on the heels of a record 30.1% hike in May 2022, this now means rates stand 169.8% higher than this time in 2021, with just two months of declines in the last 18 months. Despite a degree of macro-economic uncertainty clouding the horizon, all major trades saw prices moving up, with some corridors showing significant gains. Xenet...

Xeneta Shipping Index Public Indices reveal shipping costs soar with long term rates up 150% YoY

May saw the highest ever monthly increase in long-term contracted ocean freight rates, as the cost of locking in container shipments soared by 30.1%. The unprecedented hike, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for the contract market, means that long-term rates are now 150.6% up year-on-year. In 2022 alone, costs have climbed by 55%. “This is a staggering development,” comments Xeneta CEO Patrik Berglund. “Just last month we were looking at a...

Xeneta Shipping Index (XSI) shows demand, disruption and deft carrier strategies fuel new highs for long-term ocean freight rates

April 2022 saw the third consecutive monthly climb in long-term contracted ocean freight rates, with shipping costs rocketing by 11.1% globally to stand 109.9% up year-on-year. The data, revealed in the latest Xeneta Shipping Index (XSI) Public Indices for the contract market, demonstrates how supply chain demand, successful carrier strategies and continued COVID-19 disruption in China are coalescing to ‘pile on the pain’ for shippers worldwide. Xeneta Shipping Index (XSI) Xeneta&...

Xeneta's indices shows strong demand and supply chain strain continue to drive long-term ocean freight rates

Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rate increases. The rise in freight rates  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 stand at a colossal 93.1% up year-on-year, with little hope of relief on the horizon for embattled shipper...

Xeneta’s Long-Term XSI Public Indices reveal long-term ocean freight rates now up over 90% year-on-year

Xeneta’s Long-Term XSI Public Indices has revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August 2021 and an unprecedented 28.1% jump in July 2021, leaving rates now standing 91.5% up year-on-year. What’s more, Oslo-based Xeneta reports there is little evidence to suggest a weakening of market fundamentals – meaning there could be more pain in store for shippers, with...

Xeneta report presents increased rates for container ship segment as new contracts finalise

Oslo-based Xeneta, the ocean freight rate benchmarking and market analytics platform, has revealed a jump in long-term contracted rates for containership operators during May, as 2018 rates expire and new contracts push the index upwards. Global rates Global rates leaped by 11.5% across the month, with US rates for imports climbing by close to 20%" According to the latest XSI® Public Indices report, based on crowd-sourced data covering over 160,000 port-to-port pairings, with 110 million...

Xeneta unveils public indices delivering monthly insights on long-term ocean freight rate development

Xeneta is utilising its database of over 85 million contracted freight rates to deliver a unique monthly snapshot of long-term rate developments in the container industry. The new Xeneta Shipping Index (XSI™) Public Indices report, provides a detailed overview of the busiest global trade corridors, allowing users to gauge regional developments and track trends for key markets. In June this year Oslo-headquartered Xeneta, the ocean freight rate benchmarking and market intelligence platform...

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