Stay up to date on all recent market happenings with The Weekly from Xeneta, exclusive to customers.
View in browser
Xeneta The Weekly

April 17, 2023

 

Hello Friend,

 

Container volumes hit three year low - Global container volumes fell to 12.2 million TEU in February, their lowest level since February 2020. Falling exports out of the Far East have driven the decline, with these falling below 3.5m TEU for the first time since February 2020. In the first two months volumes out of the Far East have fallen by 14% from last year. On a global level demand is down by 7.5%. Reefer volumes stick out positively having grown by 5% YTD.
Market Analysis

Market Analysis

Container Shipping Trends Summary |  April 2023

 

Good News for Carriers Not Easy to Find 

The global XSI® (contract market) fell in March to 345.87 points.

  • The small month-on-month decline largely reflects only a few new contracts entering validity in March.

  • The major tendering season in Europe has passed.

  • In the US, far more new contracts will start in April and particularly May, replacing last year's older and much more expensive contracts and undoubtedly bringing the XSI® down. Continue Reading

Q1 2023 XODD Report | March 31, 2023

 

Ocean Deep Dive Report: Freight Rates and Impact on Shippers and Carriers

According to recent market analysis, ocean freight rates have experienced a sustained downward trend on several key trade routes. In fact, some rates have even dipped below pre-pandemic levels. Despite facing a substantial decrease in demand towards the end of last year and into this year, shipping companies have persisted in scaling down their capacity. Full Report

Weekly Container Freight Update | Week 15, 2023

 

Long-Term Contract Pricing Spread in Key Asian-Trade Lanes to Europe Reemerges

This week's update is centered around the trading activities between South East Asia (SE Asia) and North Europe. We will delve into the factors that are driving new collaborations in the Asian region and the West and explore how global trade is being affected by geopolitical ties and world events. It is crucial for shippers who are considering adjustments to their supply chains to stay aware of these developments. We will pay particular attention to the spread that is emerging between long-term rates from these two regions. Continue Reading

 

Events

Webinar / Events

Exclusive Customer Ocean Webinar |  April 26, 2023

April '23 Freight Market Pulse Live Webinar

 

In this month’s customer-exclusive webinar, we discuss critical market movements and then open up the conversation to our guest speaker, Steffen Blumhofer, Head of Transport and Logistics Sourcing at Hitachi to present how Hitachi has uniquely approached their supplier relationships as the market has changed—maximizing their value with Xeneta data. April Customer Webinar Registration

Exclusive Customer Air Webinar Replay |  April 12, 2023

April '23 State of the Air Market Webinar

 

With airlines' summer schedules set to start in late March and the recovery of China's air capacity, everyone is eager to see how the increase in capacity will impact rates. In January 2023, air cargo capacity was only 2% below pre-pandemic levels, are the capacity levels from 2019 an indication of what we can expect in the upcoming summer season? Watch Replay Now

In the News

Xeneta Customer Story

Noatum Logistics Uses Xeneta to Identify Savings and Improve Reliability for 250,000 TEU

 

For years, Noatum Logistics has heavily utilized Xeneta to navigate the continuously disrupted ocean freight market. With Xeneta’s robust freight rate data, Noatum benchmarks their long-term contracts against the market—optimizing their spend, remaining competitive on their main routes, and ensuring trust lies at the heart of their relationships with customers. Read the full story

Thanks for reading!

If you have any questions, feel free to email us at customersuccess@xeneta.com or reach out to your Customer Success Manager directly.

 

Did you know? You can take control of how frequently you want to receive our emails by managing your preference here.

Xeneta AS, Biskop Gunnerus gate 14A, Oslo, - 0185, Norway

Unsubscribe Manage preferences