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

 

XSI-March2019-Global

The March 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 March on the main trade corridors.

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

The global XSI® managed to maintain some upward momentum in Mar-19, increasing by 0.5% to 108.99 points. 

As a result, the index is now almost unchanged (+0.1%) compared to the same period a year earlier. Meanwhile, since the end of 2018, the benchmark has increased by just 0.6%, with the gains witnessed in the past two months only just offsetting the month-on-month decline reported in Jan-19.

XSI®  - Europe Imports / Exports 

European imports on the XSI® continued to increase month-on-month but only marginally, jumping 0.1% to 112.34 points. With the index at an all-time high, it is 6.7% higher than the equivalent period of 2018. Since the end of 2018, the benchmark has risen 2.6%, despite spot rates on the key Far East-North Europe trade being in decline.

Meanwhile, exports on the XSI® increased by 1.4% to 109.69 points. Although the benchmark is 1.1% higher than Mar-18, since the end of 2018 it has fallen 0.5%.

XSI®  - Far East Imports / Exports 

Far East imports on the XSI® increased by 2.0% in Mar-19 to 115.31 points, having declined by a similar amount in the previous month. While the month-on-month change was positive, the index is still 10.7% lower than the equivalent period of 2018.

Exports on the Far East XSI® fell month-on-month by 0.5% to 115.01 points, representing the fourth straight month of declines. 

XSI®  - US Imports / Exports 

The XSI® for US imports fell 0.5% in Mar-19 to 100.40 points and is down 0.4% compared to the same period a year earlier. Since the end of 2018, the benchmark has lost 1.2% of its value, coinciding with a fall in the spot market on the main Far East-US trades. 

US exports on the XSI® have continued to recover, increasing by 1.6% month-on-month to 95.06 points. The benchmark is now at its highest point since Jul-17 when it was recorded at 95.35 points.  

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

XSI Public Indices new cover

 

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