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Weekly Rate Update: W19 Oil Price Impact on Container Freight Rates

Katherine Barrios
May 07, 2020

Due to the rapid change of events affecting our industry from the COVID-19 crisis, we will release weekly rate updates on various trades. 

 

Oil price has dropped by more than 40%. Considering most carrier's bunker calculations were completed in March - Can we expect an immediate impact?  Watch this week's 5-minute update on the short-term market for the latest.

 

Oil Price Impact on Container Freight Rates - Week of May 7, 2020




Global Index on Ocean Freight Rates

Read Xeneta Shipping Index (XSI®) for a complete indication of the global market movements in the container shipping industry. 

Access April 2020 Report Here


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