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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.

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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... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => xeneta-shipping-costs-soar-as-long-term-rates-race-150-up-year-on-year [to_ping] => [pinged] => [post_modified] => 2022-05-31 21:00:57 [post_modified_gmt] => 2022-05-31 21:00:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=928043 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )