<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=248564&amp;fmt=gif">
See Xeneta in action
Learn more about the platform in your own way.
Customized Demonstration

Schedule a personalized demo of the Xeneta platform tailored to match your container shipping and air cargo procurement strategy.
Schedule Now
Live Group Product Tour

Shed light on the volatile container shipping and air cargo market with real-time, neutral freight rate data. Join our weekly LIVE 15-minute group demo to see for yourself.
Sign up Here

" >

" data-form-redirect="https://www.xeneta.com/xeneta-live-group-demo-thank-you-" >
2 min read  | Public Indices

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

Katherine Barrios  | July 31, 2019


XSI July 2019 -shot

The July 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 July on the main trade corridors.

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

The global XSI® declined by 0.4% in July to 113.67 points and has now fallen by 2.4% since its all-time high of 116.43 recorded in May this year. 

Despite this month-on-month fall, the benchmark is still 1.0% higher than the equivalent period of 2018 and is up 4.9% since the end of 2018.

July saw a marginal decline in rates of 0.4%, with a marked fall in the Far East export benchmark. Meanwhile US exports and European imports performed well. 

XSI®  - Europe Imports / Exports 

European imports on the XSI® increased by 5.7% in Jul-19 to 112.95, representing a new all-time high for the index. Meanwhile, exports on the index rose by just 0.7% to 114.72. However, it remains at a comparatively high level and is up 4.0% since the end of 2018 and is 1.5% higher than the level recorded in Jul-18.

Carrier rate increase announcements have been issued and are aligned with several blanked sailings occurring this month and in the first few weeks of August, as carriers take action to compensate for the poor demand-supply fundamentals.

XSI®  - Far East Imports / Exports 

Imports on the Far East XSI® continue to stumble, with the index down 0.1% since last month to 99.14 and therefore below the level recorded when it was first incepted back in 2017. Meanwhile, Far East exports on the XSI® also declined in Jul-19, falling by 4.8% to 120.55.

In signs that the ongoing trade war with America is having an impact on volumes, China reported economic growth of 6.2% in the second quarter of 2019.

XSI®  - US Imports / Exports 

Imports on the US XSI® continued to reach new heights, increasing by 2.9% in July to 121.74 points. The benchmark has now increased by 19.8% since the end of last year and is up 12.0% year-on-year. Meanwhile, US exports on the XSI® also rose month-on-month, increasing by 6.6% to 97.03.

Recently released data shows US ports are also feeling the impact of the trade war, with the largest reporting a year-on-year decline in throughput during June of 3.3%.  

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

XSI Public Indices new cover


Get in front of the line

Sign up and be the first to know every time we release new content.