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Home Icon > About Us > News > Long-term rates “through the roof” for trades into New Zealand and Australia, with some contracts up over 400% since 2019

Long-term rates “through the roof” for trades into New Zealand and Australia, with some contracts up over 400% since 2019

The latest data from Xeneta shows a huge jump in the cost of long-term ocean freight rates into Australasia, with all main routes more than twice as expensive as this time last year. Meanwhile, increases since July 2019 threaten to “rewrite industry record books”, according to Xeneta’s Chief Analyst Peter Sand. “The global market for ...

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