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Weekly Rate Update: Week 24

Courtney Sherwin
Jun 11, 2020

At the end of February, oil had a drastic drop in price - more than 50% decrease. Since oil prices are extremely important to the bunker price development, we are wondering if this decrease is visible on freight rates. 

 

This week we analyze the last 2 months short-term freight rates on major global trade lanes. Watch the 7 minute video and learn what trade lanes are decreasing, increasing, or remaining steady

Oil Price Impact on Short-Term Freight Rates

Week of June 11, 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. 


Long-Term Freight Rates - Access May XSI Report Here

 

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