Xeneta Shipping Index (XSI®) August 2023: 12 Months of Downturn: Long-Term Ocean Freight Rates Dive Over 60%, While a Potential Market Shift Looms
August 2023 Xeneta Shipping Index (XSI) witnesses ongoing ocean freight rate decline. Carriers grapple with contract challenges amid weak demand and rising capacity, as a looming market shift adds uncertainty to long-term rates.
Weekly Container Rate Update Week 38’23 | Shifting rate spreads, volumes, and strategies are at play in the battle between US West and East Coast ports
How should shippers approach the big coastal conundrum? Shifting rates, volumes, and strategies battle between US West and East Coast ports.