Xeneta’s Long-Term XSI® Public Indices revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August and an unprecedented 28.1% jump in July, leaving rates now standing 91.5% up year-on-year. What’s more, comments Oslo-based Xeneta, there is little evidence to suggest a weakening of market fundamentals –… Continue reading Xeneta Container Rates Alert: Long-Team Ocean Freight Rates Now up Over 90% Year-on-Year
