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Long-term ocean freight rates hit two-year low just as record new levels of ships enter the market and overcapacity adds further pressure

Global long-term shipping rates sank to a two-year low in July, with the latest data from Xeneta’s Shipping Index (XSI®) showing a fall of 9.5% since June, adding to a deep collapse that started last year. Long-term valid contract rates have now lost 57.8% of their value since the same period in 2022. Xeneta’s real-time ...

WP_Post Object ( [ID] => 293100 [post_author] => 98 [post_date] => 2023-07-31 21:00:57 [post_date_gmt] => 2023-07-31 21:00:57 [post_content] => Global long-term shipping rates sank to a two-year low in July, with the latest data from Xeneta’s Shipping Index (XSI®) showing a fall of 9.5% since June, adding to a deep collapse that started last year. Long-term valid contract rates have now lost 57.8% of their value since the same period in 2022. Xeneta’s real-time ... [post_title] => Long-term ocean freight rates hit two-year low just as record new levels of ships enter the market and overcapacity adds further pressure [post_excerpt] => Global long-term shipping rates sank to a two-year low in July, with the latest data from Xeneta’s Shipping Index (XSI®) showing a fall of 9.5% since June, adding to a deep collapse that started last year. Long-term valid contract rates have now lost 5... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => long-term-ocean-freight-rates-hit-two-year-low-just-as-record-new-levels-of-ships-enter-the-market-and-overcapacity-adds-further-pressure [to_ping] => [pinged] => [post_modified] => 2023-07-31 21:00:57 [post_modified_gmt] => 2023-07-31 21:00:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=996071 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )