<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=248564&amp;fmt=gif">
Xeneta Shipping Index (XSI®)
13-May-21
ASIA EUROPE
FE - NE: $8,725 -- WoW +3.60% MoM +19.87%
NE - FE: $1,857 -- WoW +4.15% MoM +5.81%
FE - MED: $9,232 -- WoW +1.23% MoM +22.96%
MED - FE: $1,882 -- WoW +0.70% MoM +3.41%
PACIFIC
FE - USW: $4,357 -- WoW +0.97% MoM +8.11%
USW - FE: $1,180 -- WoW +2.97% MoM +6.59%
FE - SAE: $7,806 -- WoW -0.52% MoM +2.76%
TRANS-ATLANTIC
NE - USE: $4,027 -- WoW +2.29% MoM +17.03%
USE - NE: $710 -- WoW +0.14% MoM +1.28%
MED - USE: $4,774 -- WoW +5.13% MoM +26.10%
USE - MED: $1,408 -- WoW -0.35% MoM -5.38%
NE - SAE: $2,244 -- WoW +1.45% MoM +13.33%
See Daily Rates >>

Nouryon gains full visibility into their ocean freight tendering process

Nouryon, formerly AkzoNobel Specialty Chemicals, is a multi-product and multi-divisional global chemical company whose 2013 sales were Euro 14.590 billion.

They ship a wide array of polymers, inorganic and organic chemical products from their 43 factories worldwide, with an annual container usage of 55,000+ TEU's on approx. 6,000 shipping lanes.

Download Full Story

The Challenge

  • Disparate container volumes across various trade lanes with zero visibility into their spend.
  • Inability to obtain on-demand and updated data needed to increase negotiation power with suppliers.

 

Solution | Outcome

 

  • 74% trade lanes with benchmarking rate data
  • Better visibility into the health of the historical and current market rates
  • Actionable target rates to drive negotiations
  • Savings potential identified during high market fluctuation period
  • Stayed on top of the market - Confirmation of good rate performance regardless of declining market