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title: "The Weekly: Weekly Rate Update, iXRT, Container Shipping Trends, Air Freight Update, January Customer Webinar, Xeneta in the News"
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Stay up to date on all recent market happenings with The Weekly from Xeneta, exclusive to customers.

| View in browser January 23, 2023   Hello Friend,   Anticipating that blanking of sailings and lay-ups will be an important tool in the capacity management toolbox of any carrier in 2023 and 2024, Hapag-Lloyd has agreed a slot charter with CMA CGM. This is special, as they belong to different alliances. Carriers often act on their own, outside alliances. This could be the first of many that would also benefit shippers as any carrier offered network would be less affected by alliance blankings.       Market Analysis Xeneta iXRT Report \|  January 2023   iXRT Market News Full Report The start of 2023 has seen a slowdown in the pace of spot market rate reductions. This is mostly related to carriers removing capacity through blanked sailings as well as canceling services. Spot market rates have also been affected by the seasonal increase in demand linked to the upcoming Chinese New Year on 22 January, though this has been tempered to some extent by a widespread Covid outbreak across China and the general amount of cargo failing to reach usual levels. Read more Container Shipping Market Trends \|  January 2023   Current Freight Rate Trends Compared to December last year, the global XSI® is up by 70%. As older long- term contracts start expiring in the new year, the XSI® will post bigger month- on-month declines. Across almost all trades, new long- term contracts have lower rates than the average for all valid rates. The only slight decline in the XSI® this month is largely due to very few new long-term contracts starting at this time of year. Read more Weekly Container Freight Rate Update \|  Week 3, 2023   Freight rates from North Europe to US East Coast  At the start of the year, spot and long-term rates from North Europe to the US East Coast fell by the largest amount. The rates fell by around 10%, bringing spot rates under USD 6 500 per FEU for the first time since December 2021 and long-term rates under USD 6 000 per FEU. Though these rates are still very high compared to pre-pandemic levels, these drops show the crack on the trans-Atlantic. For many months, this trade has seen very soft declines in rates compared to other major fronthaul trades. Read more Air Freight Rate Update \|  January 20, 2023   An Uneven Recovery Slash Rates on Main Fronthaual Trades From Europe to the US, the average general cargo air freight rate was USD 4.18 per kg on 15 January 2023, down by 14% from a year ago. This is attributed to the bounce-back of cargo capacity from belly hold on passenger flights. But compared to pre-pandemic market conditions, the air freight rate is highly elevated (up by 72% from the 2019 level) due to higher operating costs, including labor and jet fuel costs, while both supply and demand levels are above their pre-pandemic averages. Read more       Webinar / Events Customer Ocean Webinar \|  January 24, 2023   Tomorrow: January '23 Freight Market Pulse   In this month’s Customer Webinar, CEO and Co-Founder, Patrik Berglund and Vice President of Customer Solutions, Michael Braun will review the year-end in full and feature Stanley Aizenstark to discuss the predicted insensity of the Q1 2023 Tender Season. Stanley will speak to record-breaking ILCC's and Carrier competition. Join us to learn how sustainability, digitization trends, market movements, and regulations impact the ocean and air freight industry! Register now   January Customer Webinar Registration February Customer Webinar Registration March Customer Webinar Registration Corporate Social Responsibliity Blog \|  January 20, 2023   A Glimpse into Xeneta's Corporate Social Responsibilities in 2022   At Xeneta, we had a big year. The value of the transparency we provide to the historically opaque shipping industry was recognized with a new round of fundraising of $80M. In addition to our business successes – we also achieved clear corporate milestones. As our company continues to scale, so do our corporate goals and social responsibilities. Read more       In the News Xeneta in the News \|  January 17, 2023   Latest Ocean and Air Market Updates   Lower demand, falling rates, increased blank sailings, capacity issues...ocean and air freight markets continue to navigate uncharted territories in 2023 as well. Xeneta analysts warn shippers to look at the bigger picture while negotiating. Even though freight prices are much lower now than last year, there is still room for improvement on many trades. With a lot of uncertainty still looming in the supply chain industry, learn what Xeneta experts have to say about the state of the ocean and air freight market. Read more       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 |
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