In the container shipping world, 2023 is already stacking up to be a very different year from 2022. But, then again, the year has just started, and as we all know too well, this market can change in the blink of an eye.
That is the key message coming from 2023’s first customer-exclusive Freight Market Pulse Webinar hosted by Xeneta CEO and Co-Founder Patrik Berglund and Michael Braun, VP, Customer Solutions, featuring special guest and Xeneta resident indexing specialist, Stanley Aizenstark. In 30 minutes they presented their take on a “very different” year and answered various customer questions LIVE.
Key Takeaways
Xeneta customers reveal their power in a buyer’s market. When asked about the duration of the contract, they would negotiate for 2023:
With the given information, when asked if they’re considering index-linked contracts in 2023:
With most customers already using index-linked contracts or considering incorporating them in 2023 – Xeneta resident indexing expert Stanley Aizenstark spoke about their advantages and classifications for the remainder of the webinar.
Xeneta indexing is unique to others as it hedges on the data provided by the Xeneta customer community helping you avoid basis risks. It includes 30 high-quality global trade lanes, only 1 month lag (as opposed to +6 months for some of the legacy indices) for data with over 36 months of consistent deep, daily data and can be customizable from region to region. For dynamic coverage, the XSI® publishes daily.
Xeneta customers get access to monthly market commentary during the Ocean Freight Market Pulse Webinars. Learn more about the Xeneta platform and how to become a customer now.
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