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Home Icon > About Us > News > CONTAINER RATES ALERT: Long-term shipping rates stand strong, for now, in the face of softening global demand

CONTAINER RATES ALERT: Long-term shipping rates stand strong, for now, in the face of softening global demand

Long-term ocean freight rates climbed yet again in August, edging up 4.1% month-on-month to stand 121.2% higher than this time last year. The latest global data, crowd-sourced by Oslo-based Xeneta for its Xeneta Shipping Index (XSI®), demonstrates that, despite softening spot rates, uneven demand and ongoing supply chain issues, the world’s leading carriers remain on ...

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