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Xeneta Shipping Index (XSI) Public Report: Jun-19 Update

 

june2019-xsi

The June 2019 Xeneta Shipping Index public update and commentary on the long-term market is now available. Here is a snippet of how that market has moved so far in June on the main trade corridors.

Excerpt below. Get the full June 2019 XSI® report (PDF) with all graphs here

The global XSI® declined by 1.9% in Jun-19 to 114.18 points, having increased by almost 12% in the previous month. Despite this month-on-month decline, the index is still 7.6% higher than the same period of last year, thanks primarily to the jump witnessed in May. It also means the XSI is 5.4% higher than at the end of 2018.

XSI®  - Europe Imports / Exports 

European imports on the XSI® fell by 1.7% in June to 106.83 points, thereby reversing the increase reported in May. Year-on-year the benchmark is 8.0% higher than the equivalent period of 2018 but it is 2.4% lower than the end of last year.

Meanwhile, exports on the index declined by 0.8% to 113.92 points in Jun-19. The benchmark is still at a comparatively high level and is 5.0% higher than Jun-18. Since the end of 2018, it has increased by 3.3%, although this is entirely attributed to the jump reported in May.

XSI®  - Far East Imports / Exports 

Imports on the Far East element of the XSI® regained some of the ground lost last month, increasing by 2.5% month-on-month in Jun-19 to 99.29 points.

Despite this increase, the benchmark is still 20.6% lower than the same period of 2018 and it has fallen 12.4% since the end of last year.

XSI®  - US Imports / Exports 

Imports on the US XSI® have continued to climb, rising by 2.7% month-on-month to 118.35 points. This represents another all-time high for the benchmark having increased significantly in May. Compared to Jun-18 it is up 17.2% and it has risen 16.5% since the end of last year.

Meanwhile, US exports on the XSI® declined by 3.7% in Jun-19 to 91.06 points. While the index is still below the level at which it was first incepted, it is up 3.2% year-on-year and has risen by 4.0% since the end of 2018.

 

Don't miss out! Get your copy of the full June 2019 XSI report (PDF) with all graphs now. Xeneta Shipping Index Public

XSI Public Indices new cover

 

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