Xeneta: Shipping Costs Soar As Long-Term Rates Race 150% Up Year-On-Year
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 ...
The post Xeneta: Shipping Costs Soar As Long-Term Rates Race 150% Up Year-On-Year first appeared on Hellenic Shipping News Worldwide.
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 ...
The post Xeneta: Shipping Costs Soar As Long-Term Rates Race 150% Up Year-On-Year first appeared on Hellenic Shipping News Worldwide.
[post_title] => Xeneta: Shipping Costs Soar As Long-Term Rates Race 150% Up Year-On-Year
[post_excerpt] => 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 con...
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